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$ 1,247,500
Est. payment /mo
Active
3090 N Main Street Decatur, IL 62526
0.88 Acres Lot
UPDATED:
12/30/2024 05:34 PM
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12120948
Year Built 1994
Annual Tax Amount $25,659
Tax Year 2022
Lot Size 0.880 Acres
Property Description
Main Place Properties proudly presents an exceptional investment opportunity in Decatur, Illinois. This well-maintained commercial property is a 10,160 square foot building on a sizable 38,333 square foot lot, offering investors a stable and lucrative asset. Property Highlights: Tenant Stability: The property hosts three established tenants, all on Triple Net (NNN) leases, ensuring minimal landlord responsibilities and a consistent revenue stream. Attractive Financials: With an 8% capitalization rate, this property offers strong returns and a reliable income for savvy investors. Quality Construction: The building is well-constructed and maintained, reducing potential maintenance costs and preserving property value.
Location
State IL
County Macon
Interior
Fireplace N
Exterior
Utilities Available Water-Municipal
View Y/N true
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Listed by Zane Peterson • Main Place Real Estate