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Property summary
This exceptional 92,860-square-foot industrial warehouse, located at 3205 N 22nd St, Decatur, IL 62526, presents a compelling investment opportunity. Currently 100% occupied with a lease expiring December 31, 2022, this single-tenant property offers a significant value-add potential. The property boasts a strong 8.47% cap rate and a Net Operating Income (NOI) of $288,000. Built in 1963, this Class B building features one story, three units, and sits on a 7.25-acre lot. The warehouse… includes 6 loading docks (6 dock-high doors), with varying ceiling heights ranging from 12'8" to a 30'5" peak. The climate-controlled space includes refrigerated sections. On-site amenities include ample office space with separate areas for reception, work, private offices, and a conference room, along with men's and women's restrooms. The building's construction includes a concrete block foundation, brick facing at the office, and a low-pitched gable roof. The rear warehouse features metal walls and a gable roof. The property benefits from excellent location and visibility, situated directly off Illinois Route 121, one mile from I-72, and within a thriving Decatur industrial area. The property also features updated mechanical systems, including unit heaters and 12 Bohn cooling compressors. The electrical system includes 1500 KVA 480y/277 electric panels. This property is zoned COM and has a Macon County APN of 07-07-36-403-005. The asking price is $3,400,000 ($36.61/sq ft, $1,133,333.33/unit). This is a NNN lease with a corporate guarantee. The property's strategic location near major transportation routes, including Interstate 72 and the Midwest Inland Port, provides exceptional access to regional and national markets.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 89,520 SF
- Lot area
- 7.25 ac
- APN
- 07-07-36-403-005
- Zoning
- MUNICIPAL
- Assessed value · 2023
- $519,802
- Annual tax · 2023
- $52,358
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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- Ownership
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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