Office Investment Property For Sale

InvestmentSaleOffice 5,720 SF
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365 -385 E Ash Ave
Decatur, IL 62526
Price: $820,480.00
Building Size: 5,720 SF
Available Space: 5,720 SF
Lot Size (acre): 1.18 Acres
Zoning: B2 - Commercial
Tax PIN: 07-07-26-301-026
RE: $18,305.20
NOI : $77,866.80
Cap Rate: 9.5%

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale this Office Building in Decatur.  The building was constructed in 2000 and has undergone several updates in recent years.  Currently Edward Jones (1,000 SF @ 385 E. Ash Ave.), All Ways Caring (1,640 SF @ 375 E. Ash Ave.), and Traditions Health (3,084 SF @ 365 E. Ash Ave.) occupy the building.

Interested purchasers can also look at the adjacent property (also for sale) at 405 – 427 E. Ash: https://cbcdr.com/property/405-427-e-ash-ave/)

Area Description

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.

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