1450 E Pershing Rd Decatur, IL 62526

Property Details for 1450 E Pershing Rd

Lot size

6.07 lot acres

Zone code

MUNICIPAL

Property type

Commercial real estate

APN

07-07-35-480-016

APU

70735480016

Description

This 62,000-square-foot industrial building in Decatur, Illinois, presents a compelling value-add investment opportunity. Located at 1450 E Pershing Rd, this single-story, Class C property sits on a 6.07-acre lot and boasts 500 parking spaces. The building features 4 loading docks with 4 dock-high doors, an 18-foot ceiling height, and is zoned for industrial use (INDUSTRIAL). Currently vacant, this property offers significant potential for various uses, including distribution, flex, and warehouse operations. With a pro-forma NOI of $310,000 and a pro-forma cap rate of 11.07%, this property offers a strong return on investment. The asking price is $2,800,000 ($45.16/sq ft). The property's strategic location on E Pershing Rd, a high-traffic area with over 20,000 vehicles daily, provides excellent visibility and accessibility. Its proximity to major transportation arteries, including Interstate 72, and significant employers like ADM, CAT, and Tate & Lyle, further enhances its appeal. The property's ample parking, paved lay-down space, and potential for expansion add to its versatility. This is a rare opportunity to acquire a well-located, sizable industrial property in a thriving central Illinois market. The property's features include a large parking lot, and the potential to add more dock doors as needed. The property is offered as a sale by owner, with a lease type of NNN. The APN is 07-07-35-480-016.

Location Insight

City

Decatur

County

Macon

State

Illinois

Longitude

-88.9375

Latitude

39.8783

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments