Macon County, IL Office For Sale
32 results
Address
Asking Price
Mutual of Omaha
5130 Hickory Point Frontage Rd
Decatur, IL
Lot Size:1.07Acres
Marcus & Millichap is pleased to present for sale the multi-tenant, modern three-story office complex located at 5130 Hickory Point Frontage Road in Decatur, Illinois. The building was originally a build-to-suit for Met Life Insurance, which makes the office space ideal for professional and medical practice. The subject property offers a strong tenancy mix of national and regional tenants including Met Life Insurance, Mutual of Omaha, Berkshire Hathaway Automotive, Illinois State Senator Chapin Rose, and other professional tenants. The building is 70 percent occupied. The subject property is in pristine condition with no deferred maintenance. It has seen $500,000 in extensive interior and exterior renovation on all major capital expense items from 2009-2016. The roof, siding, gutters, soffits, carpets, floors, and lighting have all been replaced along with three new HVAC units. Also, windows on the south side of the building has been replaced. It features a 50-space parking lot with a concrete surface which requires no maintenance, plus the site includes an additional two-car garage. In 2011, the subject property was professionally re-landscaped. Decatur is centrally located, lying 40 miles east of Springfield, Illinois; 45 miles south of Bloomington-Normal, Illinois; 50 miles southwest of Champaign-Urbana, Illinois; 135 miles northeast of St. Louis, Missouri; 150 miles west of Indianapolis, Indiana; and 180 miles southwest of Chicago. Marcus & Millichap is pleased to present for sale the multi-tenant, modern three-story office complex located at 5130 Hickory Point Frontage Road in Decatur, Illinois. The building was originally a build-to-suit for Met Life Insurance, which makes the office space ideal for professional and medical practice. The subject property offers a strong tenancy mix of national and regional tenants including Met Life Insurance, Mutual of Omaha, Berkshire Hathaway Automotive, Illinois State Senator Chapin Rose, and other professional tenants. The building is 70 percent occupied. The subject property is in pristine condition with no deferred maintenance. It has seen $500,000 in extensive interior and exterior renovation on all major capital expense items from 2009-2016. The roof, siding, gutters, soffits, carpets, floors, and lighting have all been replaced along with three new HVAC units. Also, windows on the south side of the building has been replaced. It features a 50-space parking lot with a concrete surface which requires no maintenance, plus the site includes an additional two-car garage. In 2011, the subject property was professionally re-landscaped. Decatur is centrally located, lying 40 miles east of Springfield, Illinois; 45 miles south of Bloomington-Normal, Illinois; 50 miles southwest of Champaign-Urbana, Illinois; 135 miles northeast of St. Louis, Missouri; 150 miles west of Indianapolis, Indiana; and 180 miles southwest of Chicago.
$980,000
MOTIVATED SELLER - REDUCED - CSL Plasma & Crossing Healthcare Medical Center - Decatur, IL
1025-1029 N Water St
Decatur, IL
Lot Size:0.76Acres
The property located at 1025-1029 North Water Street offers an investor an exceptional opportunity to purchase a manageable, stable asset that provides a generous cash flow. With only three tenants to manage, the asset is perfect for an investor looking for a more passive investment. The largest tenant CLS Plasma, which occupies roughly 50 percent of the rentable area, has been a tenant since 1996 and has a high demand with heavy traffic offering for the surrounding demographic. The three tenants that occupy the property are CSL Plasma, Crossing Healthcare, and Debbie's Gaming. Of the three tenants 94.3 percent is leased to medical tenants: CSL Plasma and Crossing Healthcare. The remaining square footage of 5.71 percent is leased to Debbie’s Video, Poker and Slots. Crossings Healthcare has expressed interest in leasing Debbie’s space, should the space become available. Crossing Healthcare is a federally qualified health center that provides primary outpatient medical care to Macon and surrounding counties. Formerly known as Community Health Improvement Center (CHIC), the organization operates as a non-profit organization, comprised of medical professionals who are driven to provide quality care and service to the community. Providers at Crossing Healthcare are passionate about bringing the best care to those with the highest need. Additionally, Crossing Healthcare has expanded twice within the property. Once to add a methadone treatment clinic and then to add behavioral component to help patients handle drug addiction. The going in cap rate on the current rents and in-place expenses and taxes is 10.14 percent. Upon sale there will most likely be a reassessment of the taxes which would yield a one-year proforma cap rate of roughly 8.36 percent. Assuming a 70 percent LTV 20-year amortizing loan, with no interest only period, and an interest rate of five percent, an investor can still expect a year-one cash yield of 9.39 percent. Built in 1980's the property is fully occupied and has undergone improvements last year. Crossing Healthcare, whom occupies roughly 45 percent of the rentable area, underwent a $400,000 - $500,000 remodeling. Additionally, CSL Plasma is undergoing a remodel to add new cooling equipment for plasma draws. In addition to the tenant remodels, the roof is in very good condition, with one portion being brand new. The property located at 1025-1029 North Water Street offers an investor an exceptional opportunity to purchase a manageable, stable asset that provides a generous cash flow. With only three tenants to manage, the asset is perfect for an investor looking for a more passive investment. The largest tenant CLS Plasma, which occupies roughly 50 percent of the rentable area, has been a tenant since 1996 and has a high demand with heavy traffic offering for the surrounding demographic. The three tenants that occupy the property are CSL Plasma, Crossing Healthcare, and Debbie's Gaming. Of the three tenants 94.3 percent is leased to medical tenants: CSL Plasma and Crossing Healthcare. The remaining square footage of 5.71 percent is leased to Debbie’s Video, Poker and Slots. Crossings Healthcare has expressed interest in leasing Debbie’s space, should the space become available. Crossing Healthcare is a federally qualified health center that provides primary outpatient medical care to Macon and surrounding counties. Formerly known as Community Health Improvement Center (CHIC), the organization operates as a non-profit organization, comprised of medical professionals who are driven to provide quality care and service to the community. Providers at Crossing Healthcare are passionate about bringing the best care to those with the highest need. Additionally, Crossing Healthcare has expanded twice within the property. Once to add a methadone treatment clinic and then to add behavioral component to help patients handle drug addiction. The going in cap rate on the current rents and in-place expenses and taxes is 10.14 percent. Upon sale there will most likely be a reassessment of the taxes which would yield a one-year proforma cap rate of roughly 8.36 percent. Assuming a 70 percent LTV 20-year amortizing loan, with no interest only period, and an interest rate of five percent, an investor can still expect a year-one cash yield of 9.39 percent. Built in 1980's the property is fully occupied and has undergone improvements last year. Crossing Healthcare, whom occupies roughly 45 percent of the rentable area, underwent a $400,000 - $500,000 remodeling. Additionally, CSL Plasma is undergoing a remodel to add new cooling equipment for plasma draws. In addition to the tenant remodels, the roof is in very good condition, with one portion being brand new.
$1,654,000
466 South Haworth Avenue
466 S Haworth Ave
Decatur, IL
$38,800
5130 Hickory Point Frontage Road
5130 Hickory Point Frontage Rd
Decatur, IL
Lot Size:1.07Acres
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1450 East North Street
1450 E North St
Decatur, IL
Lot Size:0.55Acres
$179,900
331 Southland Court
331 Southland Dr
Warrensburg, IL
Lot Size:2.74Acres
$23,715
540 West North Street
540 W North St
Decatur, IL
Lot Size:0.10Acres
$10,816
1176 East Riverside Avenue
1176 E Riverside Ave
Decatur, IL
Lot Size:0.19Acres
$54,900
1198 North Main Street
1198 N Main St
Decatur, IL
Lot Size:0.46Acres
$175,000
1120 South Jasper Street
1120 S Jasper St
Decatur, IL
Lot Size:0.55Acres
$122,500
1301 East Mound Road
1301 E Mound Rd
Decatur, IL
Lot Size:0.98Acres
$499,000
3125 North Kandy Lane
3125 N Kandy Ln
Decatur, IL
Building Size:2,352SF
$159,000
1580 North Church Street
1580 N Church St
Decatur, IL
Lot Size:0.53Acres
$8,564
701 West Prairie Avenue
701 W Prairie Ave
Decatur, IL
$8,900
1740 South Fairview Avenue
1740 S Fairview Ave
Decatur, IL
$17,187
545 West Main Street
545 W Main St
Decatur, IL
$11,666
160 North Edward Street
160 N Edward St
Decatur, IL
$195,000
418 West Wood Street
418 W Wood St
Decatur, IL
$16,666
540 West Main Street
540 W Main St
Decatur, IL
~
1200-1236 North Water Street
Decatur, IL
Lot Size:1.00Acres
$329,500
1358 North Oakland Avenue
1358 N Oakland Ave
Decatur, IL
Lot Size:0.28Acres
$87,500
2104 North Oakland Avenue
2104 N Oakland Ave
Decatur, IL
$44,500
1760 South Fairview Avenue
1760 S Fairview Ave
Decatur, IL
Lot Size:2.13Acres
$23,286
3260 North Charles Street
3260 N Charles St
Decatur, IL
$269,897
1165 University Avenue
1165 N University Ave
Decatur, IL
$110,000
1628 East Hickory Street
1628 E Hickory St
Decatur, IL
$12,900
534 North Jasper Street
534 N Jasper St
Decatur, IL
$129,000
40 Phillips Drive
40 Phillips Dr
Decatur, IL
$144,600
1104 North Main Street
1104 N Main St
Decatur, IL
$500,000
1343 North Gulick Avenue
1343 N Gulick Ave
Decatur, IL
$16,868
200 Spitler Park Drive
200 Spitler Park Dr
Mount Zion, IL
$329,000
2370 Mount Zion Road
2370 S Mount Zion Rd
Decatur, IL
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Market Stats
Macon has 115 commercial real estate spaces for lease, representing 1,323,737 sqft space. 133 buildings are available for sale.
Metropolitan areas in Macon County, IL
Cities in Macon County, IL
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