4655 Maryland StDecatur, IL 62521

Property Details for 4655 Maryland St

Lot size

2.47 AC

Zone code

MUNICIPAL

Property type

Land

Property subtype

Commercial land

APN

09-13-29-202-008

APU

91329202008

Description

This Decatur, IL shopping center presents a compelling investment opportunity. The 22,715 square foot, multi-tenant property boasts 100% occupancy and a strong tenant mix, including national brands like Five Below, GameStop, and Verizon. Built in 1999, the two-building complex sits on a 9.85-acre lot with ample parking, shadow-anchored by a high-traffic Walmart. The property enjoys excellent visibility and accessibility, situated near major roadways with high daily traffic counts exceeding 23,708 vehicles. A significant portion of the leases are triple-net, providing a stable income stream. The property also includes an additional 2.47-acre parcel for future development potential. With a strong NOI of $368,845 and an 8.25% cap rate, this asset offers significant returns. The surrounding area demonstrates robust demographics, with a one-mile average household income of $94,229 and a five-mile population of 48,791. The Walmart Supercenter's two million annual visitors further enhance the property's value and potential. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a thriving market. The asking price is $4,470,800.

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8194

Longitude

-88.8846

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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