1025-1029 N Water St | Decatur, IL 62523
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- LoopNet Team
1025-1029 N Water St
Decatur, IL 62523
CSL & IL DHS Anchored Center - Decatur, IL · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Illinois Department of Human Services Does Not have a Kick Out Clause in their Lease, it is a Firm 5-Year Term
- 21,294 SF Two Tenant Retail Building with Billboard Income
- 11,835 Cars Passing the Site Daily; Nearby Demand Drivers include Millikin University and Established Residential
- NOI = $177,250
- Tenants include CSL Plasma (27 Year Tenure) and Illinois Health and Human Services ( 2022 Lease Expires 12/31/27, One, 5-Year Renewal Option )
- Strong 2023 Demographics with Five Mile Population of ±75,985 and Average Household Income of ±$63,648
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
23,999 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,294 SF
Building FAR
0.44
Lot Size
1.24 AC
Zoning
B-2 Commercial
PROPERTY TAXES
| Parcel Number | 04-12-10-434-013 | Improvements Assessment | $20,681 |
| Land Assessment | $40,431 | Total Assessment | $61,112 |
PROPERTY TAXES
Parcel Number
04-12-10-434-013
Land Assessment
$40,431
Improvements Assessment
$20,681
Total Assessment
$61,112
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