622 Main StWarrensburg, IL 62573

Property Details for 622 Main St

Lot size

0.77 AC

Zone code

MUNICIPAL

Property type

Gas stations

APN

08-06-14-204-027

APU

80614204027

Description

This exceptional 0.77-acre commercial land parcel presents a prime investment opportunity in Warrensburg, Illinois. Located at 622 E Main St, this property boasts a highly desirable location within a thriving commercial district, directly across from Casey's General Store on Illinois Route 121 and Main Street. The property's APN is 08-06-14-204-027 and is zoned MUN. Benefitting from significant daily traffic exceeding 5,500 vehicles per day (VPD), this site offers unparalleled visibility and accessibility for a wide range of commercial ventures. Its strategic placement provides excellent potential for complementary business development, capitalizing on the existing high-traffic flow and established neighborhood amenities. The asking price for this exceptional opportunity is $160,000. This property is situated in a popular suburb of Decatur, within Northwest Macon County, Illinois, zip code 62573. The coordinates are 39.9313043 latitude and -89.0552206 longitude. This is a rare chance to acquire a well-positioned commercial lot with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $13,191,204

  6.5%

  $12,176,496

  7%

  $11,306,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,589,438

  Geo Method

  $6,589,438

• Alternative Use

  Use

  Valuation

  Residential

  $10,271,330

  Hospitality

  $9,408,483

  Educational

  $7,827,748

  Medical

  $8,096,956

  Retail

  $12,176,496

Location Insight

City

Warrensburg

County

Macon

State

Illinois

Latitude

39.9313

Longitude

-89.0551

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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