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Decatur Retail/Industrial Storefront 400 N Martin Luther King Jr Dr 20,800 SF 100% Leased Retail Building Decatur, IL 62523 $425,000 ($20.43/SF)
Executive Summary
400-426 N Martin Luther King being offered for SALE and LEASE. Located near the heart of Decatur, IL this over 20,000 SF Retail/Industrial property offers extreme flexibility. The two buildings are currently combined, but easily divisible to make a multi tenant property. The north building is a single story 7,400 SF building with an overhead door in the back. The south building is also 7,400 SF on the main floor with a 6,000 SF finished upstairs. Both units host there own bathrooms and entrances.. Great opportunity for an investor or owner user. *Agent Owned*
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
20,800 SF
Year Built
1959
Price
$425,000
Price Per SF
$20.43
Percent Leased
100%
Building Height
2 Stories
Opportunity Zone
Yes
Zoning
Commercial
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-12-14-134-004 | Improvements Assessment | $108,309 |
| Land Assessment | $12,557 | Total Assessment | $120,866 |
Property Taxes
Parcel Number
04-12-14-134-004
Land Assessment
$12,557
Improvements Assessment
$108,309
Total Assessment
$120,866
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Decatur Retail/Industrial Storefront | 400 N Martin Luther King Jr Dr
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