6,000 SF Retail Redevelopment
53' Trailer Turnaround Yard Space
Marketing description
For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].
1202-1224 E Wood | Decatur, Illinois 62521 Unlock a compelling industrial/flex investment opportunity in the heart of Decatur’s thriving Midwest Inland Port. This ±6,000 SF multi-tenant-ready shell is paired with approximately 20,000 SF of yard space, offering flexibility for owner-users, investors, or tenants seeking distribution, storage, or light industrial functionality. The property has seen significant capital improvements, including new floor joists, roofing membrane, exterior brick renewal, and structural/framing repairs, creating a strong foundation for future occupancy and value creation. A ±1,200 SF half-height basement adds bonus utility, while the 53’ trailer turnaround yard enhances operational efficiency. Positioned within an Opportunity Zone and supported by stackable enterprise incentives, the asset also benefits from city pre-approved tax and façade grants with up to $75,000 in matching funds available. Multi-tenant infrastructure includes separate metering, multiple gas and water lines, and 1–4 unit configuration potential. An optional seller leaseback of 3,000 SF on a 3-year term, estimated at a 5% cap rate, provides an attractive path to immediate in-place income in one of Central Illinois’ most strategic logistics corridors!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1202-1224 E Wood St, Decatur, IL 62521
Walk-Thru Video Tour: 12wood-video-walkthrough.mp4
Investment highlights
- Structural rehabilitation & remediation in 2025/2026
- ±1200 SF half-height basement not counted in SF
- 53' trailer turnaround yard space
- Multi-tenant ready with separate metering – currently on temporary power
- One 4" water supply line and 2 gas supply lines
- Seller will facilitate introductions to city for grant and economic development carryforward
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