3180 Woodford StDecatur, IL 62526

Property Details for 3180 Woodford St

Lot size

0.37 AC

Zone code

MUNICIPAL

Property type

Office buildings

APN

07-07-36-351-002

APU

70736351002

Description

This exceptional 6,400 square foot executive office building, situated on a 0.37-acre lot in Decatur, Illinois (62526), presents a compelling investment opportunity. Built in 1974, the property boasts a convenient location north of Pershing Road, enjoying high visibility with a daily traffic count of 12,100 vehicles. The building features flexible floor plans adaptable to various office or retail needs, easily modified to accommodate spaces as small as 500 square feet. Currently zoned for commercial use (APN: 07-07-36-351-002), the property offers ample parking with 30 spaces directly at the building's entrance. The two-story structure provides approximately 3,200 square feet per floor. Its prime location offers easy access to numerous amenities, including a County Market grocery store, diverse restaurants, auto parts stores, a custom printing shop, and a car wash. This property is ideal for owner-users seeking a versatile space or passive investors looking for a strong return. The building's adaptable layout and excellent location make it a highly attractive proposition in the thriving Decatur market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,154,392

  6.5%

  $3,834,824

  7%

  $3,560,908

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,247,360

  Geo Method

  $1,247,360

• Alternative Use

  Use

  Valuation

  Residential

  $4,755,182

  Hospitality

  $4,355,720

  Educational

  $3,623,908

  Medical

  $3,748,540

  Retail

  $5,637,191

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8802

Longitude

-88.9357

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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