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    OFF-MARKET
    Office Spaces

    405-427 E. Ash Ave, Decatur, IL 62526

    Built 1997
    Property ID
    Property summary
    AI-generated overview

    Ash Ave Office Complex is off US 51 (25,100 VPD) and Ash Ave. (11,900 VPD) on the North side of Decatur IL. The property sits across the street from Decatur Crossing which is anchored by Sam’s Club and Wal-Mart Supercenter (both recently remodeled) and is the highest volume retail center in the area. Other businesses in the immediate area include: Walgreens, Slumberland Furniture, Panera, Arby’s, Burger King, Sprint Mobile, Flooring America, Joanne Fabrics, Monical’s Pizza, Fuji Japanese Steakhouse, El Rodeo Mexican Restaurant, Boost Mobile, Sally Beauty Supply, Personal Finance, Ruby’s Gaming, Mega Replay, and Mid America Credit Union. Decatur IL is centrally located lying 40 miles east of Springfield (IL), 45 miles south of Bloomington-Normal, 50 miles southwest of Champaign-Urbana, 135 miles northeast of St. Louis (MO), 150 miles west of Indianapolis (IN), and 180 miles southwest of Chicago. o Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this Office Investment Building in Decatur. The building was constructed in 1997 and has undergone several updates in recent years. Currently fully leased: Great Lakes Psychology in 405 E. Ash Ave; Tharaldson Hospitality Management in 415 E. Ash Ave; Illinois House of Representatives in 419 E. Ash; Lighthouse Autism Center in 427 E. Ash Ave. 405 & 427 E. Ash have undergone extensive renovations in the last several years and have new regional tenants in place. The roof was replaced in 2020.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1997
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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