306 Eldorado StDecatur, IL 62522

Property Details for 306 Eldorado St

Lot size

0.45 AC

Zone code

MUNICIPAL

Property type

Office buildings

APN

04-12-15-203-010

APU

41215203010

Description

This Decatur, Illinois property, located at 306 W Eldorado St, zip code 62522, offers a fantastic opportunity to lease office space in a well-established building near the downtown area. The building, constructed in 1950 and renovated in 2000, comprises 9,000 square feet across two stories and includes a total of four suites. Currently, 2,500 square feet of vacant space is available for lease, offering flexibility for businesses of various sizes. This space can be subdivided to accommodate smaller tenants if needed. The property features a quiet and professional atmosphere, complemented by a convenient lunch/break room and substantial storage space. The building offers ample parking with 30 spaces available for tenants. The property is classified as a Traditional Office, Executive Office, Creative Office, and Coworking space, making it suitable for a wide range of businesses. Utilities are included (power: yes). This is an exceptional opportunity to secure office space in a desirable Decatur location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,101,339

  6.5%

  $4,708,928

  7%

  $4,372,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,531,680

  Geo Method

  $1,531,680

• Alternative Use

  Use

  Valuation

  Residential

  $5,839,072

  Hospitality

  $5,348,558

  Educational

  $4,449,938

  Medical

  $4,602,978

  Retail

  $6,922,125

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8461

Longitude

-88.9594

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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