1041-1051 E Garfield Avenue Decatur IL 62526 MLS #6254606

1041-1051 E Garfield Avenue
Decatur, IL, 62526
$650,000
Beds
0 Baths
0 SqFt
2.4 Acres
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Industrial Investment Opportunity – Secure a solid income-producing asset with this rare offering of two fully leased industrial buildings in Decatur’s established industrial district. Zoned M-2 for heavy industrial use, these properties are strategically positioned to serve a range of manufacturing, distribution, and service operations. Each building is well-maintained, with existing tenants in place, providing immediate and reliable cash flow for investors. The location offers excellent access to major transportation routes, supporting long-term tenant stability and strong occupancy potential. 1041 E Garfield abuts CN rail and was previously rail served with spur. Current tenant does not have rail needs. Both buildings have significant recent capital expenditures: new roof, water main, HVAC, and interior LED lighting. National tenant in the 1041 building has NNN lease structure, the tenant at 1051 has gross lease. Both tenants recently entered a renewal term through Spring 2028.

Property Details

Price:
$650,000
MLS #:
6254606
Status:
Active
Beds:
0
Baths:
0
Address:
1041-1051 E Garfield Avenue
Type:
Commercial
Subtype:
Industrial
City:
Decatur
Listed Date:
Aug 13, 2025
State:
IL
ZIP:
62526
Lot Size:
80,150 sqft / 2.40 acres (approx)
Year Built:
1958
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Electric Water Heater
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Parking Spots
20

Financial

Net Operating Income
$55,765
Tax Year
2023
Taxes
$8,558

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1041-1051 E Garfield Avenue
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