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    Property profile & analytics
    FOR LEASE
    Warehouses

    3195 Grand Prix Dr, Decatur, IL 62526

    0.93 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-4093753
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Lot 0.93 ac (40,511 SF)
    Zoning code MUNICIPAL
    APN 07-07-36-376-011
    UPID US28-4093753
    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
    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
    Sterling Mgmt LLC · 2 yrs held
    Sterling Mgmt LLC
    since 2023
    Last sale
    $340,000
    4 recorded transactions
    2023
    $340,000
    2018
    $300,000
    2014
    2006
    $55,000
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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