1110 Arbor Dr Decatur, IL 62526-9285
- Office buildings
- 1.79 lot acres
Current Use by Public Records
- Guardian Headache and Pain Management Institute / Pain Management Physician
- ABC Counseling & Family Services / Counselor / Social Worker
- Illinois Health Clinics / Std Testing Service / Home Health Care Service
- Dr. Mark D Scott / Family Practice Physician
- Central Illinois Care Service / Home Health Care Service
Property Details for 1110 Arbor Dr
- Year built
- 1999
- Lot size
- 1.79 lot acres
- Zone code
- MUNICIPAL
- Property type
- Office buildings
- APN
- 07-07-21-400-047
- APU
- 70721400047
Description
This 4,996 square foot executive office building in Decatur, Illinois, presents a compelling investment opportunity. Located at 1110 W Arbor Dr, 62526, this multi-tenant property boasts a strong 8.80% cap rate and a net operating income (NOI) of $42,160, with an asking price of $479,000 ($95.88/sq ft). Built in 1999, the building sits on a sizable 1.79-acre corner lot in a high-traffic area, close to a shopping mall, residential areas, restaurants, and Interstate 72. All four office spaces are currently occupied under a NNN lease structure. Recent improvements include a new roof and parking lot resurfacing (2020), and several units have undergone recent remodeling. The property also features excess land on the north end, presenting potential for future development of an additional building. This is an exceptional opportunity to acquire a well-maintained, income-producing asset in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9746
- Latitude
- 39.9059
- CBSA code
- 19500
- CBSA name
- DECATUR, IL METROPOLITAN STATISTICAL AREA
