1041-1051 E Garfield Avenue, Decatur, IL Industrial FOR SALE


Decatur, IL
$650,000 USD
217-454-8800
, Decatur, IL for Sale
$650,000 USD
Industrial - FOR SALE
1/2
null | 8.58% Cap Rate

1041-1051 E Garfield Avenue, Decatur, IL
Decatur, IL


HIGHLIGHTS

  • Fully leased industrial buildings with stable, long-term tenants in place
  • Recent capital improvements: roof, HVAC, water main, and LED lighting
  • NNN and gross lease structures with renewals through Spring 2028
  • Zoned M-2 with rail adjacency and strong access to major transport routes
  • Located in the Opportunity Zone

OVERVIEW

Secure a strong, income-producing asset with this rare offering of two fully leased industrial buildings located in Decatur’s well-established industrial district. Zoned M-2 for heavy industrial use, these properties are ideally suited for a wide range of manufacturing, distribution, and service-related operations. Both buildings are well-maintained, with stable, long-term tenants in place, offering immediate and reliable cash flow. Recent capital improvements include a new roof, water main, HVAC upgrades, and interior LED lighting — minimizing near-term maintenance costs and enhancing operational efficiency. 1041 E Garfield directly abuts the CN rail line and was previously rail-served via a spur (currently inactive, as the existing tenant does not require rail access). The building is leased to a national tenant on a NNN lease, providing a passive investment structure. 1051 E Garfield is leased under a gross lease. Both tenants have recently renewed their leases, extending terms through Spring 2028, further strengthening the asset’s income stability. This offering presents an exceptional opportunity to acquire a turn-key industrial investment with built-in income, long-term growth potential, and strategic location advantages — including proximity to major transportation routes and infrastructure.

ASK ABOUT THIS PROPERTY

Zane PetersonMain Place Real EstateMore Info
217-454-8800

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Zane PetersonMain Place Real EstateMore Info
217-454-8800

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