3195 Grand Prix Dr, Decatur, IL 62526
For Lease
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This exceptional 17,400-square-foot warehouse, situated on a spacious 1.9-acre lot in Decatur, Illinois' Stone's Commercial Park, presents a compelling investment opportunity. Priced at $957,000 ($55/sq ft), this property boasts a prime Northeast location, offering convenient access to Decatur's leading industrial businesses. Built in 2007, the warehouse features quality steel frame construction, a poured concrete floor, and three 14-foot overhead doors, facilitating efficient operations. Its design allows for flexible multi-tenant conversion. The property includes a shared driveway, ample concrete parking, and a substantial gravel lay-down area. Zoned M-2 industrial, this warehouse offers significant potential for growth within the park. The property's address is 3195 Grand Prix Dr, Decatur, IL 62526, and its APN is 07-07-36-376-010, 07-07-36-376-011. This well-maintained facility provides a robust foundation for various industrial operations, making it an ideal acquisition for discerning investors seeking a strategic foothold in a thriving industrial market. The property's size and features make it suitable for a variety of uses. Contact for details.
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
Similar Nearby for Lease
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.