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Key Details
Sold Price $460,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,760 sqft
Price per Sqft $39
MLS Listing ID CA1025859
Sold Date 09/17/24
Originating Board rmlsa
Year Built 2019
Annual Tax Amount $12,795
Tax Year 2022
Lot Size 1.740 Acres
Acres 1.74
Lot Dimensions 155' x 510'
Property Description
Commercial Self-Storage Investment Opportunity in Decatur, Illinois Presenting a turnkey self-storage complex, erected in 2019 and located strategically adjacent to Interstate 72. This facility serves a thriving community in Macon County, boasting a substantial population base. The facility encompasses two distinct buildings on a commercial lot. The southern building comprises of 30 individual self-storage units, each offering 200 square feet of space. These units are designed for ease of access with roll-up doors and benefit from external lighting and outlets in selected areas, ensuring convenience and security without interior electricity—ideal for streamlined operations and low overhead. To the north, a 5,760-square-foot storage warehouse offers six expansive bays, each with a 14-foot automatic door and a soaring 17-foot eave height, suitable for a variety of storage needs. While currently lacking heating, insulation, and interior finish, the pre-installed plumbing infrastructure lays the groundwork for future enhancements, including office space or additional facilities. With its current approximate 50% occupancy rate, this property stands as a compelling proposition for investors seeking to capitalize on the local demand for storage and drive the business towards full capacity. The property is designed to accommodate a range of vehicle sizes, ensuring it meets the diverse needs of potential renters.
Location
State IL
County Macon
Area Decatur
Zoning municipal
Direction From I-72, travel southbound on IL RT 48. Turn Left on Commercial Crossing then next Left on Hospitality Lane. Property is on the Left.
Interior
Heating None
Cooling None
Flooring Concrete
Fireplace N
Exterior
View true
Roof Type Metal
Garage 1
Building
Faces From I-72, travel southbound on IL RT 48. Turn Left on Commercial Crossing then next Left on Hospitality Lane. Property is on the Left.
Sewer Public Sewer
Water Municipal/City
Structure Type Aluminum Siding
Others
Tax ID 18-08-29-100-024
Security Features Yes
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