Building Details

Building Size 19,200 SF

Year Built 2015

Construction metal construction

Tenancy Single

Listing Agency: SVN Create

Listed By: Patrick Graham Show Phone

Source: Svncreate

Added: Oct 23 Changed: Oct 24 Last Checked: Oct 24 at 1:37PM

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Investment Insights

Based on property information with market context.

Built in 2015, this 19,200-square-foot industrial property has a primary warehouse, integrated office space, and a lean-to storage area. Metal construction and a slab foundation serve the building, which occupies a 10-acre site with outdoor storage. The property is fully leased to Westfield Distributing, an AGI-affiliated tenant, under a net lease. The tenant is responsible for taxes and most other expenses.

The site is within Inland Port Industrial Park in Decatur, Illinois. The offering includes a single-tenant building and substantial outdoor area on the same parcel.

Key Highlights

• 19,200‑square‑foot industrial building on a 10‑acre site
• Fully leased to Westfield Distributing, an AGI‑affiliated tenant
• Net lease; tenant is responsible for taxes and most expenses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$151,169

Cap Rate

5.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,023,380 $3.0M

Cap Rate 7%

$2,159,557 $2.2M

Cap Rate 9%

$1,679,656 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,200 SF

Gross rent

$191.2K $9.96/SF

− Vacancy

−$13.4K −$0.70/SF

EGI

$177.8K $9.26/SF

− OpEx

−$26.7K −$1.39/SF

NOI

$151.2K $7.87/SF

Area

Macon County, IL

Vacancy

7.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,023,380

Cap Rate 7%

$2,159,557

Cap Rate 9%

$1,679,656

Alternative Uses

Best Use

Warehouse

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $151,169 @ 7.0% cap · market cap 5.60%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,746 @ 7.0% cap · market cap 8.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

AGI Warehouse & Storage

Suggested Use

Top Pick Building Supply Restaurant Hair Salon HVAC Service Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

71

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - The facility combines warehouse space with an integrated office and a separate lean-to storage area.

Where is this warehouse located?

The property is located at 3502 East Mound Road Decatur, IL.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 19,200‑square‑foot industrial building on a 10‑acre site; Fully leased to Westfield Distributing, an AGI‑affiliated tenant; Net lease; tenant is responsible for taxes and most expenses