Office Investment Property For Sale

InvestmentSaleOffice 11,469 SF

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Property Highlights

405-427 E Ash Ave
Decatur, IL 62526

Price: $1,576,000 (Previously $1,621,000)

Building Size: 11,469 SF

Lot Size (acre): 0.74 AC

Zoning: B2- Commercial

Tax PIN: 07-07-26-301-026

CAP Rate: 8.4%

NOI: $132,263.82

Building Class: A

Year Built: 1997

Documents

Brochure

Site Plan

Floor Plan

Property Description

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 three (3) of the four (4) suites in the building are occupied: Great Lakes Psychology in 405 E. Ash Ave; Tharaldson Hospitality Management in 415 E. Ash Ave; Lighthouse Autism Center in 427 E. Ash Ave. 419 E. Ash Ave is currently available with 1,029 SF comprised of a beautiful reception, 3 private offices, and shared restrooms & Server Room with 415 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.

Interested purchasers can also look at the adjacent property (also for sale) at 365 – 385 E. Ash: https://cbcdr.com/property/365-385-e-ash-avenue/

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.

Map

201 W Springfield Ave, 11th floor Champaign, IL 61820 | 217-352-7712

www.CBCDR.com

The information found within this brochure is for informational purposes only, and is not audited, warranted or in any fashion guaranteed by Coldwell Banker Commercial Devonshire Realty. It is subject to verification and no liability for errors or omissions is assumed. Notice of Agency: Coldwell Banker Commercial Devonshire Realty is the exclusive agent for the seller/lessor and therefore represents the seller/lessor, unless expressed otherwise in writing with the parties to a transaction.