3090 Main StDecatur, IL 62526

Property Details for 3090 Main St

Lot size

0.88 AC

Zone code

MUNICIPAL

Property type

Office properties

Property subtype

Office buildings

APN

07-07-34-478-016

APU

70734478016

Description

This exceptional Decatur, Illinois investment opportunity presents a 10,160 square foot, single-story, Class B office building situated on a 0.88-acre lot (38,333 square feet). Built in 1994, the property features three tenants under triple net (NNN) leases, ensuring a consistent revenue stream and minimal landlord responsibilities. The building boasts a strong 8.00% capitalization rate and a net operating income (NOI) of $99,800, with an asking price of $1,247,500 ($122.79/sq ft). Located at 3090 N Main St, Decatur, IL 62526 (APN: 07-07-34-478-016), this property benefits from its prime location in a bustling area with convenient access to major highways and public transportation. The surrounding area offers numerous amenities, including shopping, dining, and essential services. The property is zoned MUN and presents a stable and lucrative investment opportunity in a thriving market with excellent growth potential. This well-maintained building offers a strong return for savvy investors seeking a reliable income stream. The property's strategic location and established tenancy make it an attractive investment prospect. The building's solid construction minimizes potential maintenance costs, preserving its value.

• CAP approach

  CAP return

  Valuation

  6%

  $10,255,667

  6.5%

  $9,466,770

  7%

  $8,790,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,988,441

  Geo Method

  $2,988,441

• Alternative Use

  Use

  Valuation

  Residential

  $11,738,794

  Hospitality

  $10,752,673

  Educational

  $8,946,097

  Medical

  $9,253,767

  Retail

  $13,916,151

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8783

Longitude

-88.9562

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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