Property profile

1690 Huston Dr Decatur, IL 62526

FOR SALE
Office buildings
Property ID
US28-3967012
0.51 ac lot
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,300 square foot office building, located at 1690 Huston Drive in Decatur, Illinois, presents a unique investment opportunity. Constructed in 1980, the property boasts a durable brick exterior and asphalt shingle roof. The building sits on a sizable lot providing 32 convenient parking spaces for employees and visitors. The interior layout is highly functional and versatile, having served for many years as the Macon/Piatt Regional Office of Education. The space includes a welcoming reception area, up to seven private offices, several large open areas ideal for training or conference rooms, substantial storage space, a dedicated breakroom, and three separate restrooms. The zoning designation is M1-Intense Commercial/Light Industrial, offering flexibility for a variety of uses. The property's location is highly advantageous, situated just one block north of East Pershing Road and North Woodford Street, in close proximity to key businesses such as the Illinois Secretary of State Facility, NAPA Auto Parts, and Kirby Risk Electrical Supply, among other retailers. This well-maintained building offers immediate occupancy for a single tenant, presenting a rare opportunity to acquire a substantial and well-located office space in a thriving Decatur commercial area. The zip code is 62526, and the property is in Macon County. The entire 6,300 square feet is currently vacant.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.51 ac (22,000 SF)
Zoning code MUNICIPAL
APN 07-07-36-351-007
UPID US28-3967012

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School Vocational School
  • Community Center

Location

1690 Huston Dr Decatur, IL 62526
Decatur metro Census 2906 DECATUR, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2007
1 recorded transaction
2007
$405,000

Zoning & alternative use

MUNICIPAL · Decatur, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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