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3906 E Hospitality Lane

Decatur, IL 62521
  • $550,000
  • STATUS: Active
  • ON SITE: 109 Days
  • ID#: CA1025859
$550,000
  • 0
    BEDS
  • 1.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2019
County:
Area:

School Ratings & Info

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 electricityideal 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.

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-02-23T23:45:22.733.
www.brysonsmithteam.com/homes/145047413
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3906 E Hospitality Lane Decatur, IL 62521

  • Price: $550,000
  • Status: Active
  • On Site: 109 Days
  • ID#: CA1025859
0
Beds
0
Baths
0
½ Baths
1.74
Acres
2019
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
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 electricityideal 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.
Exterior Features

Construction Materials Aluminum Siding Roof Metal

Interior Features

Building Area Total 11760 Cooling None Flooring Concrete Heating None

Property Features

100 Year Flood Plain No Agent Owned No Building Name Rt 48 Self Storage Financing Cash OnlyConventional Frontage Type City Street Lease Term Month To Month Levels One Lot Size Dimensions 155' x 510' Net Operating Income -12796 Owner Pays All Utilities Possible Use Mini-StorageInvestmentOther Security System YN Yes Sewer Public Sewer Tax Annual Amount 12795.72 Tax Incentive1 No Tax Legal Description LT1 OF CARSON MICHAEL SUB. 1.741A Tax Year 2022 Tenant Pays None Type Commercial Water Source Municipal/City Zoning municipal

Listing provided courtesy of Jared Williams of Auction Plus Real Estate: Mobl: 217-741-5234.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-02-23T23:45:22.733.
 
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Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616