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    FOR SALE
    Office buildings

    3090 N Main St, Decatur, IL 62526

    0.88 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-3756551
    Property summary
    AI-generated overview

    This exceptional Decatur, Illinois investment opportunity presents a 10,160 square foot, single-story, Class B office building situated on a 0.88-acre lot (38,333 square feet). Built in 1994, the property features three tenants under triple net (NNN) leases, ensuring a consistent revenue stream and minimal landlord responsibilities. The building boasts a strong 8.00% capitalization rate and a net operating income (NOI) of $99,800, with an asking price of $1,247,500 ($122.79/sq ft). Located at 3090 N Main St, Decatur, IL 62526 (APN: 07-07-34-478-016), this property benefits from its prime location in a bustling area with convenient access to major highways and public transportation. The surrounding area offers numerous amenities, including shopping, dining, and essential services. The property is zoned MUN and presents a stable and lucrative investment opportunity in a thriving market with excellent growth potential. This well-maintained building offers a strong return for savvy investors seeking a reliable income stream. The property's strategic location and established tenancy make it an attractive investment prospect. The building's solid construction minimizes potential maintenance costs, preserving its value.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Lot 0.88 ac (38,333 SF)
    Zoning code MUNICIPAL
    APN 07-07-34-478-016
    UPID US28-3756551
    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
    • Network Solutions Unlimited Tech Support Center IT Consulting Firm
    • Miller Wealth Management Group, LLC Financial Advisor
    • Dr. Lohr Alternative Medicine Practice
    • Decatur Computers LLC Tech Support Center IT Consulting Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    DECATUR MAIN STREET PROPERTIES
    DECATUR MAIN STREET PROPERTIES
    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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