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    OFF-MARKET
    Office buildings

    306 Eldorado St, Decatur, IL 62522-2153

    0.45 ac lot
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-3980099
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Lot 0.45 ac (19,647 SF)
    Zoning code MUNICIPAL
    APN 04-12-15-203-010
    UPID US28-3980099
    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
    • Midwest Credit & Collection Financial Advisor
    • Internal Revenue Service (IRS) Taxpayer Assistance Center Federal Government Office Tax Department
    • Mcci Decatur Accounting Firm Loan Service
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Illinois Department Of Transportati · 4 yrs held
    Illinois Department Of Transportati
    since 2022
    3 recorded transactions
    2022
    2021
    $400,000
    2019
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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