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    OFF-MARKET
    Warehouses

    2800 Oakland Ave, Decatur, IL 62526-1527

    2.16 ac lot
    Individually Owned 15-yr Hold Free & Clear
    Property ID
    US28-4014091
    Property summary
    AI-generated overview

    This Decatur, IL, industrial property offers a unique investment opportunity. Comprising six buildings totaling 12,976 net rentable square feet on a 2.16-acre lot, this Class D property features a mix of warehouse, flex, and distribution space. The main building, exceeding 2,700 square feet, includes two offices, one bathroom (with plumbing for two more), a utility room, and several additional rooms. Eleven storage units are integrated within this building. A 3,000-square-foot garage addition boasts two overhead swing doors, electricity, a furnace, and 10-foot ceilings. Another building, measuring 1,500 square feet, offers 10-12 foot overhead powered doors, 100-amp service, and 12-foot ceilings. Four additional buildings provide further storage space, ranging from 900 to 1,776 square feet, totaling 5,776 square feet. The property also includes over 20 parking spaces and a fenced area encompassing 1.75 acres. Built in 1930, this multi-tenant property currently houses 60 units, with a ceiling height ranging from 10 to 14 feet. The asking price is $279,900 ($21.57/sq ft, $4,665/unit). The property has a modified lease type and is offered for sale by owner

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Lot 2.16 ac (94,090 SF)
    Zoning code MUNICIPAL
    APN 04-12-03-151-003
    UPID US28-4014091
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Arts Rentals Storage Facility
    • K & M Portable Toilets Building Supply
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael S Brown · 15 yrs held
    Michael S Brown
    since 2010
    1 recorded transaction
    2010
    $60,000
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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