417-416 W Wood St, Decatur, IL

Multi-family for Sale - $800,000 - 16,248 Sq. Ft. on 1 acres


Agent Info

Nick Ragle
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#1188513
Location
  417-416 W Wood St
  Decatur IL 62522
UpdatedJune 11th, 2026
TypeMulti-family
Price$800,000
Building16,248 Sq. Ft.
Land1 acres

Property Description

This offering consists of a fully occupied corporate net leased investment portfolio anchored by a single tenant, Abbott EMS Services, across multiple strategically located properties in Decatur, Illinois. The portfolio includes 417-461 W Wood Street, 1645 N 21st Street, and 1102 Ravina Park, all operating under triple net (NNN) lease structures, providing investors with stable, low-management cash flow backed by an established essential services operator.

417 W Wood Street serves as the tenant’s corporate headquarters, while the additional properties support operational, garage, and training functions critical to the tenant’s regional footprint. The portfolio currently generates strong net operating income with below-market rental rates, presenting a significant opportunity for a new owner to increase rents to market over time and realize substantial long-term upside and yield growth.

The tenant has expressed a desire to maintain occupancy and continue operations at all locations, creating an attractive opportunity for investors seeking a combination of dependable in-place income, long-term tenancy potential, and future value enhancement through lease restructuring and rental growth.


Financials