This exceptional 18.2-acre parcel in Decatur, Illinois, presents a unique investment opportunity. The property, zoned R-3, comprises 15 undeveloped duplex lots, ready for immediate development. Approved floor plans for both three-bedroom, two-bathroom and two-bedroom, two-bathroom units are in place, streamlining the construction process. This development is specifically designed for an adult community (55+). Its strategic location offers unparalleled convenience, situated approximately one mile from Lake Decatur and Decatur Airport, and minutes from US 36 (18,600 AADT). The property benefits from proximity to a thriving shopping district, anchored by major retailers such as Walmart and Kroger, along with numerous other amenities including Walgreens, Rural King, medical facilities, movie theaters, and fast-food restaurants. Decatur's location provides easy access to major cities, including Springfield, Bloomington-Normal, Champaign-Urbana, St. Louis, Indianapolis, and Chicago, making it an attractive location for residents and investors alike. The property's APN is 09-13-19-477-049. The asking price for this exceptional land opportunity is $230,000.
Highlights
Approved floor plans for 2- and 3-bedroom duplex units are in place.
Ready for immediate development of 15 duplex lots.
Excellent location near shopping (Walmart, Kroger), medical facilities, and entertainment.
This property features: Approved floor plans for 2- and 3-bedroom duplex units are in place.; Ready for immediate development of 15 duplex lots.; Excellent location near shopping (Walmart, Kroger), medical facilities, and entertainment.
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Albany Pl Decatur, IL 62521
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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0 Albany Pl
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