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1041-1051 E Garfield Avenue, Decatur, IL 2 Industrial Properties Offered at $900,191 CAD in Decatur, IL

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INVESTMENT HIGHLIGHTS

  • Fully leased industrial buildings with stable, long-term tenants in place
  • NNN and gross lease structures with renewals through Spring 2028
  • Located in the Opportunity Zone
  • Recent capital improvements: roof, HVAC, water main, and LED lighting
  • Zoned M-2 with rail adjacency and strong access to major transport routes

EXECUTIVE SUMMARY

Secure a strong, income-producing asset with this rare offering of two fully leased industrial buildings located in Decatur’s well-established industrial district. Zoned M-2 for heavy industrial use, these properties are ideally suited for a wide range of manufacturing, distribution, and service-related operations.
Both buildings are well-maintained, with stable, long-term tenants in place, offering immediate and reliable cash flow. Recent capital improvements include a new roof, water main, HVAC upgrades, and interior LED lighting — minimizing near-term maintenance costs and enhancing operational efficiency.
1041 E Garfield directly abuts the CN rail line and was previously rail-served via a spur (currently inactive, as the existing tenant does not require rail access). The building is leased to a national tenant on a NNN lease, providing a passive investment structure. 1051 E Garfield is leased under a gross lease. Both tenants have recently renewed their leases, extending terms through Spring 2028, further strengthening the asset’s income stability.
This offering presents an exceptional opportunity to acquire a turn-key industrial investment with built-in income, long-term growth potential, and strategic location advantages — including proximity to major transportation routes and infrastructure.

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PROPERTY FACTS

Price $900,191 CAD
Price / SF $52.48 CAD / SF
Cap Rate 8.58%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 17,154 SF
Total Land Area 2.39 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1041 E Garfield Ave, Decatur, IL 62526 Industrial 8,624 SF 1965 -
1051 E Garfield Ave, Decatur, IL 62526 Industrial 8,530 SF 1958 -
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  • Listing ID: 37294544

  • Date on Market: 2025-08-15

  • Last Updated:

  • Address: 1041-1051 E Garfield Avenue, Decatur, IL, Decatur, IL

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