1218 20Th StDecatur, IL 62521

Property Details for 1218 20Th St

Lot size

0.14 AC

Zone code

MUNICIPAL

Property type

Auto shops

APN

04-12-12-329-006

APU

41212329006

Description

This Decatur, Illinois, industrial property, located at 1218 N 20th St, offers a unique investment opportunity. Priced at $149,000, this 1,800 square foot, Class B building sits on a 6,200 square foot lot (APN 12-12-329-006). Built in 1959, the single-story structure features one 12-foot high ceiling and a single overhead drive-in door, ideal for automotive use. The interior includes ample space for working on multiple vehicles simultaneously, complemented by a small office/kitchenette area and a full bathroom. The sale includes all existing tools, such as a motor lift, pallet jack, car dolly, and compressor. This owner-user investment is perfect for expanding a small business or establishing a hobby garage. The property is client-owned and zoned as mixed-use, offering flexibility for various commercial applications. This is a rare opportunity to acquire a well-equipped, ready-to-use commercial space in a desirable location. The property's convenient location in Macon County, Illinois, provides easy access to major transportation routes and local amenities. The single-unit building presents a straightforward and manageable investment. Don't miss this chance to own a versatile commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,366,436

  6.5%

  $2,184,402

  7%

  $2,028,374

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,218,047

  Geo Method

  $1,218,047

• Alternative Use

  Use

  Valuation

  Residential

  $1,842,625

  Hospitality

  $1,687,835

  Educational

  $1,404,259

  Medical

  $1,452,553

  Retail

  $2,184,402

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8548

Longitude

-88.9284

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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