333 Pershing RdDecatur, IL 62526

Property Details for 333 Pershing Rd

Lot size

1.90 AC

Zone code

MUNICIPAL

Property type

Banks

APN

04-12-02-101-005

APU

41202101005

Description

This exceptional office space, located at 333 E Pershing, offers a fantastic opportunity for businesses seeking a highly visible location. Situated within the Northtown Center professional building, this property boasts easy access to the heavily trafficked East Pershing Road (IL Route 121 & 48), experiencing over 17,300 vehicles per day. The available space is situated on the ground floor, offering excellent street visibility and accessibility. Currently configured as office space, the layout is adaptable and could easily accommodate retail use, providing flexibility for a variety of businesses. The space totals approximately 3,609 square feet of vacant space, divisible into units as small as 3,500 square feet and with a maximum contiguous space of 8,000 square feet. The building itself is a two-story structure built in 1975, situated on a 1.9-acre lot. While there are no elevators, the ground floor location mitigates this. The property is zoned COM and has an APN of 04-12-02-101-005. The building features a strong tenant mix, including Regions Bank and other established businesses. This is a gross lease structure, meaning the landlord covers all taxes, insurance, and common area maintenance, simplifying budgeting and management for the tenant. This is an ideal location for a business seeking a prominent presence in a thriving area with excellent visibility and convenient access.

• CAP approach

  CAP return

  Valuation

  6%

  $32,549,920

  6.5%

  $30,046,080

  7%

  $27,899,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,259,749

  Geo Method

  $16,259,749

• Alternative Use

  Use

  Valuation

  Residential

  $25,344,992

  Hospitality

  $23,215,876

  Educational

  $19,315,336

  Medical

  $19,979,620

  Retail

  $30,046,080

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8761

Longitude

-88.9528

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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