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Property profile & analytics
FOR LEASE
Office buildings

3085 N Kandy Ln Decatur, IL 62526

0.25 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US28-4367457
Property summary
AI-generated overview

This exceptional 1,650-square-foot free-standing office building, located just north of East Pershing Road, presents a unique opportunity. Built in 1977 and extensively renovated in 2023, this single-tenant property boasts a fresh coat of paint and a brand new roof. The building sits on a partially fenced lot with concrete parking. Currently offering a $25,000 improvement allowance, this is a Build-to-Suit opportunity, allowing you to customize the interior to perfectly match your business needs. The flexible floor plan provides a blank canvas for your ideal workspace. The property is zoned M-1 and features a single story design. The Assessor's Parcel Number (APN) is 07-07-36-352-015. This is an excellent chance to secure a modern, well-maintained office space tailored to your specific requirements in a convenient location. Don't miss this chance to create your perfect office environment. Inquire today to learn more about leasing qualifications.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.25 ac (11,000 SF)
Zoning code MUNICIPAL
APN 07-07-36-352-015
UPID US28-4367457
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
  • Public Insurance Decatur Insurance Agency
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
Bb Properties LLC · 4 yrs held
Bb Properties LLC
since 2021
Last sale
$100,000
1 recorded transaction
2021
$100,000
Zoning & alternative use
MUNICIPAL · Decatur, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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