Retail - Miscellaneous Retail | Retail - General Merchandise Stores

Asking Price	$2,500,000	Inventory
Gross Income	Not Disclosed	Real Estate	$2.5m*
Cash Flow	Not Disclosed	Year Established	1987
FF&E	N/A	Employees	0

* included in the asking price

** not included in the asking price

Established business with quality tenants

Approx. 2.2 acres; 4 buildings; 2 parking lots; easy access and strategic location at the stoplight corner of two highways; daily car count is 62,000. Enterprise Zone in downtown Decatur, IL business/financial district. Further development needed: hotel, condo, retail, gas station/convenience store, bank, pharmacy or restaurant. Will sell 1/2 or all. The main building is concrete, brick, and steel and is sprinkled. It was built to carry an addtl floor which could be constructed with considerable savings. Set of original drawings available. An investor could purchase the south half for approximately $300K down, redevelop it and then purchase the north half a year later. Fiber optic lines in place. Sold "As Is." Property is located across the street from Archer Daniel Midland's Technology Center, the Civic Center, a 600 car parking garage and a brand new $20M bank/insurance building. Within walking distance are banks, restaurants, movie theaters, shops, library, post office, art gallery, courthouse, law enforcement center, transportation center and Central Park. Major tenants are a beauty supply store, a bank, a stockbroker, radio stations, a convention bureau and a 3 screen movie theater. Owner/Mgr. apt. on-site. Significant upside potential. Same owner for 20 years. Decatur is home to ADM, Tate & Lyle, Mueller, Caterpillar and Howard Buffett who owns a farm here and recently purchased a 10,000 sf building two blocks away for $1.4M.

Facilities: 2.2 acres; 1 city square block; 4 buildings; 2 paved parking lots; replacement cost of main building would be $5M per State Certified Appraiser. Most of the tenants have been with us many years. One or two buildings should be demolished to make way for your new development. Main building is 55,000 sf; 2 stories; 2nd building is 2 floors 7,000 sf; 3rd building is 30,000 sf; 3 stories; 4th building is 12,000 sf; 3 stories. Zoned B-4.

Competition: High visibility: property is located at one of the busiest intersections in town at the stoplight corner of U.S. Hwy 51N and Route 36. Rents in this area are $10-16. square foot. Ours are $5-6. In recent years developers have invested more than $200M in new projects in the area around this property.

Growth/Expansion: Former mayor Paul Osborne said downtown is undergoing a "thrilling transformation." The city is moving to create a 24-hour living environment downtown with a mix of commercial, retail and residential development, arts and entertainment and tourist attractions (Herald & Review, 10/18/05). New owner could add another floor to existing building for apts/condos/hotel. 1 or 2 buildings could be demolished to make way for hotel development (no hotel downtown at present) or other commercial project.

Financing: Local financing available

Support/Training: Owner would stay on for one month to show you the ropes. Member of owner's family could be available for management of the property after that if needed.

Reason Selling: Same owner for 20 years wishes to retire and travel.