Decatur, IL 62521,3906 E Hospitality LN
Decatur, IL 62521,3906 E Hospitality LN
Decatur, IL 62521,3906 E Hospitality LN
Listed by Jared Williams • Archer Realty
$460,000
Est. payment /mo
$499,000
7.8%
Est.Price: ?

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11,760 SqFt
SOLD DATE : 09/17/2024

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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Janet Arns

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Broker | License ID: 475 130570

Broker License ID: 475 130570

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