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1041-1051 E Garfield Avenue, Decatur, IL 2 Industrial Properties Offered at $887,660 CAD in Decatur, IL


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.
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.
Property Facts
| Price | $887,660 CAD | Number of Properties | 2 |
| Price / SF | $51.75 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.58% | Total Building Size | 17,154 SF |
| Sale Type | Investment | Total Land Area | 2.39 AC |
| Status | Active |
| Price | $887,660 CAD |
| Price / SF | $51.75 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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1041-1051 E Garfield Avenue, Decatur, IL
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