417-461 W Wood St, Decatur, IL 62522

The property at 417 W Wood Street is a converted multifamily property featuring four 866 square foot two-bedroom/one-bath apartment units on the second floor, currently in leasable condition. The first floor comprises office space, a lobby area, and dormitory-style rooms. This layout presents a value-add opportunity, as the first floor can be reconfigured to create four additional apartment units, significantly increasing rental income potential. The property can be purchased alongside two adjacent buildings (447-461), which are currently occupied by Abbott EMS Services under triple net leases. The tenant has expressed a desire to continue leasing the garage and training facility building and is willing to collaborate with a new owner to structure long-term lease extensions. This offering may be purchased as part of a broader portfolio that includes 1645 N 21st Street, Decatur, IL, and 1102 Ravina Park, Decatur, IL, both of which are occupied by the same tenant under triple net lease structures. The assets may be acquired individually or as a package, offering investors a combination of stabilized NNN income and value-add residential upside within the Decatur market. Located just west of Downtown Decatur in a well-established mixed-use corridor, the property benefits from proximity to the city’s central business district, major employers, and neighborhood retail and service providers. The property offers convenient access to key thoroughfares connecting to U.S. Route 36, IL Route 48, and Interstate 72, providing regional connectivity throughout Central Illinois while maintaining walkable access to surrounding residential neighborhoods and downtown amenities. Decatur serves as the economic hub of Macon County with healthcare, manufacturing, agribusiness, and logistics sectors.