Single-Tenant Medical Office
For Sale
Contact for pricing
1830 S 44th St, Decatur, IL 62521
Established outpatient facility with triple-net master lease and healthcare occupancy.
Property SizeContact for details
Days on Market144
Property Features for 1830 S 44th St
General Information
Standard status
Active
Property subtype
Office
Occupancy
100%
Building Details
Year Built
1999
Buildings
1
Tenancy
Single
Listing Agency:
Pegasus Investments
(310) 969-1135
Listed By:
David Chasin · License #CA 01513027
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pegasus Investments
Investment Insights
Based on property information with market context.
This medical office property is a purpose-built outpatient facility constructed in 1999 and used for dialysis, physical therapy, and renal care services for more than 20 years. The building is occupied by a physical therapy office and a renal care clinic, providing a specialized healthcare configuration rather than conventional office use.
Decatur Memorial Hospital holds the master lease on a triple-net basis through July 2030 after exercising two five-year renewal options. Fresenius Kidney Care occupies 77% of the property under a sublease extending through June 2027, with three additional five-year extension options. The master tenant is a wholly owned subsidiary of Memorial Health System, which carries a Moody’s A1 rating, while Fresenius is an investment-grade renal care provider. The property is located at 1830 S 44th St in Decatur, Illinois.
Decatur Memorial Hospital holds the master lease on a triple-net basis through July 2030 after exercising two five-year renewal options. Fresenius Kidney Care occupies 77% of the property under a sublease extending through June 2027, with three additional five-year extension options. The master tenant is a wholly owned subsidiary of Memorial Health System, which carries a Moody’s A1 rating, while Fresenius is an investment-grade renal care provider. The property is located at 1830 S 44th St in Decatur, Illinois.
Key Highlights
- Medical office building constructed in 1999
- Triple‑net master lease with Decatur Memorial Hospital through July 2030
- Fresenius Kidney Care sublease covers 77% through June 2027
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62521, IL
33,793
Population
16,169
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
66.0 sq mi
ZIP Area
512
Density / Sq Mi
$66,848
Median Household Income
$41,945
Median Earnings
$857
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established outpatient facility with triple-net master lease and healthcare occupancy.
Where is this medical office space located?
The property is located at 1830 S 44th St Decatur, IL.
What are key features of this property?
This property features: Medical office building constructed in 1999; Triple‑net master lease with Decatur Memorial Hospital through July 2030; Fresenius Kidney Care sublease covers 77% through June 2027
