2912 Martin Luther King Jr DrDecatur, IL 62526

Property Details for 2912 Martin Luther King Jr Dr

Lot size

2.44 AC

Zone code

MUNICIPAL

Property type

Super regional malls

APN

04-12-02-126-001

APU

41202126001

Description

This established Decatur, IL Indian restaurant is for sale. Located at 2912 N Martin Luther King Jr Dr, this turnkey operation boasts 5,655 square feet of rentable space within a 106,286 square foot lot. The property features ample parking, a vibrant interior with traditional decor, a cozy waiting area, and a small bar. The fully-equipped kitchen includes a robust ventilation system and ample storage. Currently generating $40,000-$45,000 in monthly revenue with a staff of 11, including the chef. All inventory, furniture, fixtures, and equipment are included. The prime location in a bustling commercial area offers excellent visibility and accessibility, with potential for future expansion or additional services. Video gaming machines are being added to increase revenue. The asking price is $80,000. The owner is also offering a neighboring Indian grocery store for sale. This presents a unique opportunity for synergistic business ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $41,800,792

  6.5%

  $38,585,348

  7%

  $35,829,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,880,862

  Geo Method

  $20,880,862

• Alternative Use

  Use

  Valuation

  Residential

  $32,548,184

  Hospitality

  $29,813,960

  Educational

  $24,804,866

  Medical

  $25,657,942

  Retail

  $38,585,348

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8762

Longitude

-88.9498

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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