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20994888
20994889

2320 Oakland Ave, Decatur, IL 62526

AS
IL 475.208164
Vieweg Real Estate
Vieweg Real Estate
Listed by Vieweg Real Estate
$796,000
534 days on market
Updated 28 days ago

VALUE ADD INDUSTRIAL COMPLEX - DECATUR IL

Details
APN 04-12-03-301-011
Property Type Industrial
Sub Type Flex, Manufacturing (+1)
Square Footage 37,475
Net Rentable (SqFt) 37,475
Units 7
Occupancy 71%
Tenancy Multi
Lease Type Modified
Price per SqFt $21
Class D
Buildings 7
Stories 1
Acreage 2.860
Zoning Light Industrial - M-1
Parking Spaces spaces
Investment Type Value Add
Loading Docks 1
Dock High Doors 1

Industrial | 37,475 SF

Marketing description

Industrial Park with High Traffic Exposure & Tenant Income
Located at 2320 N. Oakland Ave, Decatur, IL, this 7-building industrial park offers an excellent mix of occupied and vacant spaces, totaling 37,435 square feet on a 2.86-acre parcel. With nearly 15,000 vehicles passing daily, this property is ideal for investors seeking stable rental income or businesses looking for a strategic location. The current occupancy provides a monthly rental income of $6,900, with opportunities to further increase revenue by leasing the vacant units. 2320 N. Oakland Ave is strategically located on a heavily trafficked corridor in Decatur, IL, with nearly 15,000 vehicles per day providing unparalleled visibility. Situated just minutes from IL Route 48, IL Route 121, and W. Pershing Road, the property enjoys easy access to major highways, making it convenient for distribution, logistics, and employee commutes. The property is surrounded by a mix of residential neighborhoods, commercial businesses, and green space, offering a balanced environment for tenants. Additionally, it is close to downtown Decatur, key industrial hubs, and rail lines, further enhancing its accessibility and appeal. With strong transportation infrastructure and proximity to Decatur’s central business district, this location ensures that businesses here are well-positioned to serve local and regional markets effectively.

Investment highlights

  • Key Features:

  • 37,435 SF across 7 buildings

  • 2.86 acres with ample parking

  • Tenant income of $6,900/month

  • Flexible multi-tenant or single-user configurations

  • Excellent frontage with high traffic visibility

  • Building Information by unit

  • Building 1: 8,000 SF, occupied at $500/month, includes power.

  • Building 2: 750 SF, occupied at $200/month.

  • Building 3: 1,800 SF, occupied at $650/month.

  • Building 4: 4,500 SF, occupied by two tenants: $650/month & $1,500/month.

  • Building 5: 7,425 SF, occupied at $3,400/month.

  • Building 6: 10,560 SF, vacant, includes plumbing, HVAC, and a 1,440 SF mezzanine.

  • Building 7: 4,400 SF, vacant office/flex building, includes plumbing and HVAC.

Listing Contacts

AS
IL 475.208164
Vieweg Real Estate
Vieweg Real Estate
Listed by Vieweg Real Estate

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Additional Information

Name
AJ Speasl
License
475.208164
Brokerage
SVN Core 3
Title
Advisor
Brokerage Address
1707 East Hamilton Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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