2303 Federal Drive Decatur IL 62526 MLS #6243701

2303 Federal Drive
Decatur, IL, 62526
$6,500,000
Beds
4 Baths
0 SqFt
7 Acres
Add
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 (12×10, 12×16, 10×8, & 8×8), 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.

Property Details

Price:
$6,500,000
MLS #:
6243701
Status:
ActiveUnderContract
Beds:
0
Baths:
4
Address:
2303 Federal Drive
Type:
Commercial
Subtype:
Industrial
Subdivision:
Industrial Park 12th Add
City:
Decatur
Listed Date:
Jul 8, 2024
State:
IL
ZIP:
62526
Lot Size:
304,920 sqft / 7.00 acres (approx)
Year Built:
1989
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Interior

Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Cooling
Central Air
Heating
Gas

Exterior

Community Features
Sidewalks
Construction Materials
Other
Parking Spots
200
Roof
Rubber

Financial

Net Operating Income
$518,400
Tax Year
2022
Taxes
$77,165

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