306 Eldorado St, Decatur, IL 62522-2153
This Decatur, Illinois property, located at 306 W Eldorado St, zip code 62522, offers a fantastic opportunity to lease office space in a well-established building near the downtown area. The building, constructed in 1950 and renovated in 2000, comprises 9,000 square feet across two stories and includes a total of four suites. Currently, 2,500 square feet of vacant space is available for lease, offering flexibility for businesses of various sizes. This space can be subdivided to accommodate smaller tenants if needed. The property features a quiet and professional atmosphere, complemented by a convenient lunch/break room and substantial storage space. The building offers ample parking with 30 spaces available for tenants. The property is classified as a Traditional Office, Executive Office, Creative Office, and Coworking space, making it suitable for a wide range of businesses. Utilities are included (power: yes). This is an exceptional opportunity to secure office space in a desirable Decatur location.
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Midwest Credit & Collection Financial Advisor
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Internal Revenue Service (IRS) Taxpayer Assistance Center Federal Government Office Tax Department
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Mcci Decatur Accounting Firm Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILDecatur. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.