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27766746
27766747

2201-2349 E Hubbard Avenue, Decatur, IL 62526

PD
IL 475.177502
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$3,600,000
238 days on market
Updated 140 days ago

Small Bay Multi-Tenant Industrial in Decatur, Illinois

Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 63,000
Units 18
Cap Rate 7.84%
NOI $282,264
Occupancy 91.47%
Price per SqFt $57
Broker Co-Op Yes
Class B
Acreage 6.000

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

Listing Contacts

PD
IL 475.177502
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$282,264.00
$23,522.00/mo

Valuation Metrics

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DSCR
7.84%
Cap Rate
7.84%
ROI

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