365 Ash AveDecatur, IL 62526

Property Details for 365 Ash Ave

Year built

1997

Lot size

1.92 AC

Property size (Sq ft)

17,189 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional Class A office portfolio in Decatur, IL, comprises two buildings totaling 17,189 net rentable square feet across seven tenant spaces. Boasting 100% occupancy with a strong corporate guarantee, the property generates a substantial NOI of $195,152, yielding a compelling 9.5% cap rate. Built in 1997, with extensive renovations completed in 2022, the property features two single-story buildings situated on a 1.92-acre lot in a prime commercial zone (B2). The buildings benefit from a highly visible location, situated off US 51 (25,100 VPD) and Ash Ave (11,900 VPD), directly across from a major retail center anchored by Sam's Club and Walmart. This strategic location provides excellent access to a diverse range of amenities and businesses, including Walgreens, Panera Bread, and numerous other national and local retailers. The property's strong tenant base includes a mix of established businesses, ensuring consistent cash flow and long-term stability. The asking price is $2,055,000, representing an attractive price per square foot of $119.55. This investment opportunity offers a rare combination of high occupancy, strong cash flow, and a prime location in a thriving commercial area. The property is offered as a Triple Net (NNN) lease, minimizing landlord responsibilities.

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8976

Longitude

-88.9523

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