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2303 Federal Drive

Decatur, IL 62526
  • $6,500,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: 6243701
UPDATED: 78 min ago
$6,500,000
  • 0
    BEDS
  • 7
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:

School Ratings & Info

Description

2303 E Federal Drive, Decatur, IL, a 76,800 square foot building conveniently situated in Park 101 Industrial Park. This facility was previously a multi-tenant flex facility that has been converted into a single tenant clear-span warehousing facility. The facility is known as building three in Park 101 Industrial Park and is situated on seven acres of land with parking and lay-down space in the front of the building as well as the rear of the building. There has been tons of improvements that have been made in the past year including: taking the building to clear span, new lighting throughout the facility, and a brand new roof that is scheduled to be put on in the very near future. In this facility you will find that there are 8 drive in doors ranging in sizes (12x10, 12x16, 10x8, & 8x8), as well as 11 loading docks. There is a long term tenant already in place occupying 100% of the property at $6.75 per square foot with a seven year lease and two extension options.

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© 2024 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-07-18T22:27:42.47.
www.mainplace.us/homes/152393027
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2303 Federal Drive Decatur, IL 62526

  • Price: $6,500,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 78 min ago
  • MLS #: 6243701
0
Beds
4
Baths
0
½ Baths
7
Acres
1989
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
Property Description
2303 E Federal Drive, Decatur, IL, a 76,800 square foot building conveniently situated in Park 101 Industrial Park. This facility was previously a multi-tenant flex facility that has been converted into a single tenant clear-span warehousing facility. The facility is known as building three in Park 101 Industrial Park and is situated on seven acres of land with parking and lay-down space in the front of the building as well as the rear of the building. There has been tons of improvements that have been made in the past year including: taking the building to clear span, new lighting throughout the facility, and a brand new roof that is scheduled to be put on in the very near future. In this facility you will find that there are 8 drive in doors ranging in sizes (12x10, 12x16, 10x8, & 8x8), as well as 11 loading docks. There is a long term tenant already in place occupying 100% of the property at $6.75 per square foot with a seven year lease and two extension options.
Exterior Features

Construction Materials Other Foundation Details Slab Levels One Lot Features Industrial Park Parking Total 200 Road Frontage Type Interstate Roof Rubber Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Gas Water Heater Cooling Central Air Cooling YN Yes Heating Gas Heating YN Yes Interior Features Home Office

Property Features

Community Features Sidewalks Electric Item3 Phase Other Lease Considered YN Yes Net Operating Income 518400 Operating Expense 0 Owner Pays None Possession Closing Property Sub Type Industrial Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 77165 Tax Legal Description PARK 101 INDUSTRIAL PK 12 TH ADD LOT 1 BLDG 3 2303-2499 FEDERAL DR IRREG 99 BK2889 /537 00 BK2944 /993 00 BK2944 /995 Tax Year 2022 Water Source Public Zoning IND

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Cole Babcock of Vieweg RE/Better Homes & Gardens Real Estate-Service First: 217-450-8500.


© 2024 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-07-18T22:27:42.47.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523