1421 Eldorado StDecatur, IL 62521

Property Details for 1421 Eldorado St

Lot size

0.13 AC

Zone code

MUNICIPAL

Property type

Office buildings

APN

04-12-14-232-002

APU

41214232002

Description

This 1,641 square foot free-standing retail building is located on East Eldorado Street (US Route 36), a major Decatur thoroughfare boasting over 16,000 vehicles per day. Built in 1961 and zoned COM, the property features a recently refreshed interior with new flooring, paint, and fixtures. The single-tenant space offers a turnkey solution for a variety of retail businesses. A prominent pylon sign ensures high visibility, and ample private parking is available to the south of the building. The property's APN is 04-12-14-232-002. This exceptional location provides unparalleled access to a large customer base. The lease rate is $11 per square foot, triple net. This represents a fantastic opportunity for businesses seeking a well-maintained, high-traffic retail space in a thriving Decatur location. The property is ready for immediate occupancy. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,507,780

  6.5%

  $1,391,796

  7%

  $1,292,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,714

  Geo Method

  $452,714

• Alternative Use

  Use

  Valuation

  Residential

  $1,725,828

  Hospitality

  $1,580,849

  Educational

  $1,315,248

  Medical

  $1,360,481

  Retail

  $2,045,941

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8459

Longitude

-88.9374

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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