Northwest Professional Building — Sale in Decatur, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Decatur, IL 62526
  • Year built: 1982

Photos

Northwest Professional Building — Sale in Decatur, IL, photo 1 of 2
Northwest Professional Building — Sale in Decatur, IL, photo 2 of 2

Investment Figures

Cap rate
8.71%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Northwest Professional Building is a 13,200 SF (11,779 RSF) three-tenant medical office building in Decatur, IL, offering investors a diversified, specialty-dental rent roll anchored by Smile Brands, one of the largest dental support organizations in the country, alongside a well-established regional orthodontic practice, Hage Orthodontics. The building is substantially leased, with one vacancy currently in lease-up and a prospective new tenant already identified — providing a clear path to full occupancy and near-term upside. Positioned along a high-traffic corridor near Decatur Memorial Hospital, the offering combines in-place income from long-tenured medical users with a modest value-add component at an attractive basis for the Decatur submarket. Investment Highlights: • Three-tenant multi-tenant medical office building anchored by Smile Brands, one of the largest dental support organizations in the country, alongside a well-established regional orthodontic practice. • Approximately 3.15 years of weighted-average lease term (WALT) remaining across in-place leases, with staggered rollover and renewal options on the two largest suites. • Diversified specialty-dental tenancy across general/family dentistry and orthodontics, appealing to a broad range of medical/professional users. • Positioned along N. Oakland Ave. (approx. 15,300 vehicles per day) within an established medical/retail corridor near Decatur Memorial Hospital. • Institutionally-backed national tenant credit — Smile Brands is a portfolio company of Gryphon Investors, a leading middle-market private equity firm. • Low basis / attractive price point relative to comparable medical office product in the Decatur submarket.

Market Context

This office in Decatur, IL is listed for sale. It is offered at an approximate 8.7% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1982. Compare it against other office listings for sale in Decatur, IL — view the full market.

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