135 E Prairie Ave | Decatur, IL 62523
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135 E Prairie Ave
Decatur, IL 62523
Retail Property For Sale
Executive Summary
Downtown living is in high demand, making it a great investment opportunity to own all four residential loft condo units in the historic 135 E. Prairie building. All 4 units are rented and produce an impressive annual cash-flow return. Each unit offers unique features including cathedral ceilings and exposed brick walls. Historically extremely low vacancy rates. Building has new roof. Owners have re-invested nearly $50,000 of capital improvements into the property in the last two years. Offering does not include street level business condo, only upper level residential units. Click-thru CA available to view rent roll and financials. Contact commercial broker for all inquiries.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,880 SF
Building Class
C
Year Built
1880
Price
£480,099
Price Per SF
£98
Net Initial Yield
8.17%
NOI
£39,224
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.87
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
MUNICIPAL
1 of 18
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