135 E Prairie Ave - Storefront Retail/Residential FOR SALE


Decatur, IL 62523
$565,000 USD
217-454-8800
135 E Prairie Ave, Decatur, IL for Sale
$565,000 USD
Storefront Retail/Residential - FOR SALE
1/31
null | Request Cap Rate

135 E Prairie Ave
Decatur, IL 62523


OVERVIEW

Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

MUNICIPAL

APN/PARCEL ID

04-12-15-282-029

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 Policy.