1021 & 1027 N Water st - Retail FOR SALE
Decatur, IL 62523 |
$2,236,146 USD
561-512-1658
1021 & 1027 N Water st
Decatur, IL 62523
HIGHLIGHTS
- 100% occupied by two established tenants with NNN and Modified Gross leases
- Anchored by CSL Plasma and Illinois Department of Human Services for reliable cash flow
- CSL Plasma paying $5.00/SF — well below market, offering significant mark-to-market upside
- Adjacent ±0.39-acre parcel included with ~70 parking spaces for future flexibility
- Two on-site billboards generate additional passive income and diversified revenue
- Positioned along N. Water Street (±12,400 VPD) near Kroger, Aldi, McDonald's, and more
FOR SALE DETAILS
PRICE
$2,236,146 USD
PRICE/SF
$105 USD /SF
CAP RATE
8.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Water Street Plaza
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
82
LAND DETAILS
LAND ACRES
1.59 AC
LAND SF
69,260 SF
ZONING
B2
APN/PARCEL ID
04-12-10-434-013
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561-512-1658
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561-512-1658
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