

Small Bay Multi-Tenant Industrial in Decatur, Illinois
Industrial | 7.84% CAP | 63,000 SqFt
Marketing description
The Doughty Industrial Group of Marcus & Millichap is pleased to present for sale the fee-simple interest in 2201–2349 E Hubbard Avenue, located in Decatur, Illinois. The subject property totals approximately 63,322 square feet of functional small-bay industrial space across multiple suites. The property is currently stabilized with a diverse tenant mix, providing reliable cash flow and strong leasing momentum in a market characterized by limited supply of comparable product.
Strategically located within Decatur’s established industrial corridor, the property benefits from direct access to U.S. Route 36 and Interstate 72, providing convenient regional connectivity to Springfield, Champaign, and Bloomington. The site is surrounded by established logistics, manufacturing, and agricultural processing users, including ADM, Caterpillar, and Tate & Lyle, reinforcing the area’s long-standing industrial base and tenant demand.
The purchase of this offering provides investors with an opportunity to acquire a cash-flowing, multi-tenant industrial asset in a Central Illinois market supported by strong industrial fundamentals and limited new supply. At the current list price of $3,600,000 the offering generates an NOI of $282,264 which equates to a capitalization rate of 7.84%.
Investment highlights
Stabilized multi-tenant small-bay industrial investment opportunity
Desirable infill location within Decatur’s established industrial submarket, near ADM, Caterpillar, and multiple regional distribution hubs
Flexible suite configurations catering to a wide range of small to mid-size tenants
Excellent access to U.S. Route 36 and Interstate 72 connecting to Springfield and Champaign
Proximity to Decatur Airport and Norfolk Southern rail lines supporting logistics demand
Strong market fundamentals with limited new construction and stable occupancy levels
Attractive basis priced at $57.14/SF
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