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    2800 Oakland Ave Decatur, IL 62526

    For Sale
    $279,900

    6-Building Multi-Tenant Complex

    Property size:
    12,976 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Decatur, IL, industrial property offers a unique investment opportunity. Comprising six buildings totaling 12,976 net rentable square feet on a 2.16-acre lot, this Class D property features a mix of warehouse, flex, and distribution space. The main building, exceeding 2,700 square feet, includes two offices, one bathroom (with plumbing for two more), a utility room, and several additional rooms. Eleven storage units are integrated within this building. A 3,000-square-foot garage addition boasts two overhead swing doors, electricity, a furnace, and 10-foot ceilings. Another building, measuring 1,500 square feet, offers 10-12 foot overhead powered doors, 100-amp service, and 12-foot ceilings. Four additional buildings provide further storage space, ranging from 900 to 1,776 square feet, totaling 5,776 square feet. The property also includes over 20 parking spaces and a fenced area encompassing 1.75 acres. Built in 1930, this multi-tenant property currently houses 60 units, with a ceiling height ranging from 10 to 14 feet. The asking price is $279,900 ($21.57/sq ft, $4,665/unit). The property has a modified lease type and is offered for sale by owner

    Property Features for 2800 Oakland Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    12,976 SF
    Class
    D
    Lot Size
    94,090 SF

    Building Details

    Year Built
    1930
    Buildings
    6
    Stories
    1
    Units
    60

    HighLights

    • Decatur, IL industrial property; 12,976 net rentable sq ft on 2.16 acres.
    • Six buildings, mix of warehouse, flex, & distribution space; Class D.
    • Main building: 2,700+ sq ft, 2 offices, 1 bath (plumbing for 2 more), utility room, 11 storage units.
    • 3,000 sq ft garage addition; 2 overhead doors, electricity, furnace, 10' ceilings.
    • Additional building: 1,500 sq ft, powered overhead doors, 12' ceilings, 100‑amp service.
    • Four more buildings offer 5,776 sq ft of storage; 20+ parking spaces; 1.75‑acre fenced area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Arts Rentals Storage Facility K & M Portable ... Portable Toilet Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.97307209311
    Latitude
    39.872886108267

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    FAQs

    What type of property is this?
    Distribution property - 6-Building Multi-Tenant Complex
    Where is this distribution property located?
    The property is located at 2800 Oakland Ave Decatur, IL.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: Decatur, IL industrial property; 12,976 net rentable sq ft on 2.16 acres.; Six buildings, mix of warehouse, flex, & distribution space; Class D.; Main building: 2,700+ sq ft, 2 offices, 1 bath (plumbing for 2 more), utility room, 11 storage units.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2800 Oakland Ave Decatur, IL 62526
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