757 W Pershing Rd - Office FOR SALE


Decatur, IL 62526
$1,582,000 USD
630-570-2238
757 W Pershing Rd, Decatur, IL for Sale
$1,582,000 USD
Office - FOR SALE
1/10
null | 9% Cap Rate

757 W Pershing Rd
Decatur, IL 62526


HIGHLIGHTS

  • Two 2025 Leases with Five Years of Term and Contractual Rent Growth | 100 Percent Occupied Two-Tenant Center
  • Workforce Investment Solutions has Occupied the Property for Approximately 15 Years Through a Sublease Agreement | Became a Direct Tenant in 2025
  • GEO is Responsible for 74 Percent of the Rent and is a Wholly Owned Subsidiary of Publicly Traded the GEO Group
  • Extensive Property Renovations were Completed in 2025, Followed by a New Roof in 2026 with a 20-Year Warranty
  • Part of a Larger Center Anchored by Memorial Therapy Center | Walgreens is Positioned Next to the Center
  • Frontage Along W Pershing Road, which Sees 17,300 Vehicles Per Day

OVERVIEW

Offered at an attractive 9 percent cap rate, this 100 percent occupied, two-tenant center is anchored by GEO Reentry Services and Workforce Investment Solutions. GEO Reentry Services accounts for 74 percent of total rent and is a wholly owned subsidiary of publicly traded The GEO Group, Inc. (NYSE: GEO), which operates approximately 95 locations nationwide. Workforce Investment Solutions accounts for the remaining 26 percent of rent and operates the local Illinois workNet/American Job Center, bringing together 14 community partner agencies and serving as the area’s designated workforce administrator for more than a decade. Workforce Investment Solutions has occupied the property for approximately 15 years through a sublease agreement with the State of Illinois before becoming a direct tenant in 2025. Both tenants signed five-year leases in 2025 with one five-year renewal option and scheduled rental increases ranging from 2 percent to 3 percent, providing built-in rent growth. The property underwent an extensive renovation in 2025, followed by the installation of a new roof in 2026 with a 20-year warranty. The specialized floor plan includes classrooms, offices, conference/classroom space, a PC lab, work areas, resource areas, reception and waiting areas, creating a highly tailored operating environment that makes relocation more complicated than a traditional office setup. The property also offers ease of management, with most exterior third-party services provided through the easement agreement by the neighboring owner. The property is part of a larger center newly anchored by Memorial Therapy Center, an extension of Memorial Hospital, located 0.8 miles south with 280 beds. Additional tenants include Luxury Nails & Spa, Heights Finance and Help at Home, with Walgreens positioned adjacent to the center. The property is located along West Pershing Road (17,300 VPD), 0.7 miles from U.S. Route 51 (10,800 VPD), and near Brettwood Village Shopping Center, which attracts approximately 2.1 million annual visitors. Average household income within one mile is $103,123 and is projected to reach $117,603 by 2030.

FOR SALE DETAILS

PRICE

$1,582,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GEO Reentry Services + Workforce Investment

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

B-2

APN/PARCEL ID

04-12-03-126-003

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.