1041-1051 E Garfield Avenue, Decatur, IL
$650,000
Active
2.40 Acres
About 1041-1051 E Garfield Avenue
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.
Facts & Features
MLS® # | 6254606 |
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Price | $650,000 |
Bathrooms | 0.00 |
Acres | 2.40 |
Year Built | 1958 |
Type | Commercial |
Sub-Type | Industrial |
Status | Active |
Taxes | $8,558 |
Tax Year | 2023 |
Community Information
Address | 1041-1051 E Garfield Avenue |
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City | Decatur |
County | Macon |
State | IL |
Zip Code | 62526 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Appliances | Electric Water Heater |
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Heating | Other |
Cooling | Other |
Fireplace | No |
# of Stories | 1 |
Stories | One |
Additional Information
Date Listed | August 13th, 2025 |
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Days on Market | 62 |
Zoning | M-2 |
Listing Details
Agent | Zane Peterson |
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Office | Main Place Real Estate |