1228 Wood St, Decatur, IL 62521-2857

This exceptional investment opportunity encompasses a thriving, established auto repair business, OK's Transmission, situated on a 0.62-acre lot in Decatur, Illinois. The property includes four buildings: a main 3,904 square foot commercial building featuring a lobby, two private offices, a restroom, six overhead doors (one 12ft tall double bay), 17-foot clearance, and eight lifts; a 2,340 square foot warehouse with a drive-in door; and two additional single-family rental homes, each with two bedrooms and one bathroom. The main building also includes mezzanine storage and a multi-stall shop restroom. The business itself is included in the sale, encompassing inventory, equipment, and established customer relationships built over decades. The rental homes provide additional income streams, currently leased to long-term tenants at below-market rates. The entire property is zoned MUN and boasts a total of 6,244 square feet of space. Built in 1970, this property presents a rare chance to acquire a turnkey business with significant upside potential, thanks to the established business, rental income, and the potential for increased rental rates. The asking price is $375,000, translating to $60.06 per square foot. The property's address is 1228 E Wood St, Decatur, IL 62521, and the APN is 04-12-14-284-014. Showings of the rental homes will be arranged upon acceptance of a purchase offer. Please do not disturb the tenants.