Technical
Financial
Distress signals
Property profile

3131 Water St Decatur, IL 62526

OFF-MARKET
Office buildings
Property ID
US28-3876482
1.17 ac lot
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

A freestanding medical/professional office building constructed in 2008, previously configured and operated as a medical express care facility. The interior is organized to support patient/client flow and includes 12 exam rooms, a waiting and reception area with multiple registration stations, a dedicated nurses’ station/work area, an X-ray room, a break/conference room, and two private offices, along with six restrooms to support day-to-day clinic operations. The building is situated on a 1.17-acre lot with frontage along Route 51 Business North & South within a high-traffic corridor; vehicular traffic figures reported for the area include 10,000 vehicles per day to the south on Rt 51 and 9,500 vehicles per day to the north, with 19,800 vehicles per day reported at Pershing Rd at Rt 51. The site is described as having convenient access to surrounding retail and service anchors, including Brentwood Village Shopping Center (Planet Fitness, Kroger, Bob Evans, and Culver’s), and provides parking for 42 vehicles, with layout characteristics suited to healthcare or related professional uses requiring dedicated exam and support spaces.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 1.17 ac (50,965 SF)
Zoning code MUNICIPAL
APN 07-07-34-478-004
UPID US28-3876482

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

3131 Water St Decatur, IL 62526-2472
Decatur metro Census 2904 DECATUR, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2008
3 recorded transactions
2020
Price N/A
2008
$675,000
2007
Price N/A

Zoning & alternative use

MUNICIPAL · Decatur, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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