2303 Hubbard Ave Decatur, IL 62526

This exceptional investment opportunity comprises two Class B industrial flex buildings totaling 113,400 net rentable square feet, situated on a 10-acre lot in Decatur, Illinois. The property, zoned M-1 Light Industrial, features 25 units with 16 loading docks and 16 dock-high doors, catering to diverse industrial and warehouse needs. Boasting 15-foot ceiling heights, the buildings offer a blend of office, production, and storage space, ideal for businesses seeking flexible layouts. Currently 74% occupied with 25 tenants under NNN leases, the property generates a strong NOI of $353,671, resulting in a 6.43% cap rate at an asking price of $5,500,000 ($48.50/SF). Located in Decatur's thriving industrial corridor, just two miles from I-72/US RT-51/US RT 48/US RT 36, this prime location offers unparalleled access to major transportation routes. The property benefits from recent improvements including updated parking lots and new roofs, presenting a value-add opportunity with potential for rent bumps. Lease options are available. APN: 07-07-36-403-002 & 07-07-36-251-005. This is a multi-tenant property with significant upside potential.