417-461 W Wood St Portfolio 2 Properties Offered at $1,090,352 CAD in Decatur, IL

This offering presents a unique opportunity to acquire a converted multifamily property with significant value-add potential, located just west of Downtown Decatur in a well-established mixed-use corridor. The property currently features four two-bedroom/one-bath apartment units on the second floor and a first floor configured for office, lobby, and dormitory-style rooms. Investors can reconfigure the first floor to create four additional apartment units, substantially increasing rental income potential.
The property is part of a broader portfolio that includes two adjacent buildings (447-461 W Wood St) occupied by Abbott EMS Services under triple net leases, providing immediate stabilized cash flow. The tenant has expressed interest in long-term lease extensions, offering both near-term income stability and long-term upside through multifamily expansion. Additionally, the portfolio includes two other properties at 1645 N 21st Street and 1102 Ravina Park Road, both leased to the same tenant under NNN structures. These assets can be purchased individually or as a package, delivering a combination of stabilized NNN income and value-add residential upside within the Decatur market.