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    655 Pershing Rd Decatur, IL 62526

    Sponsored
    For Sale
    $761,864

    High-traffic location, 5.83 acres, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 5.83-acre commercial land parcel presents a unique investment opportunity in Decatur, Illinois. Strategically located on the south side of Pershing Road, the property boasts an impressive average daily traffic count of 20,500 vehicles. The site's prime location offers immediate access to a high volume of potential customers. Currently, the property features existing food and retail establishments along the Pershing Road frontage, providing a strong foundation for future development. Its proximity to the established Brentwood Village Shopping Center, a thriving Kroger-anchored strip mall with over 20 stores including national retailers such as TJ Maxx, Aldi's, and Planet Fitness, further enhances its desirability. The property's convenient location is also bolstered by its close proximity to the Pershing/Business 51 (N Water St) interchange, ensuring excellent accessibility and visibility. This makes it an ideal location for a variety of commercial ventures, offering significant potential for growth and return on investment. The property's size and location make it suitable for a range of development projects, from expanding existing businesses to creating entirely new commercial spaces. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area with excellent infrastructure and strong surrounding retail presence. Serious inquiries are encouraged.

    Property Features for 655 Pershing Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    253,955 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Express Employment Professionals Employment Agency Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.94892
    Latitude
    39.87635

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, 5.83 acres, development potential.
    Where is this commercial real estate located?
    The property is located at 655 Pershing Rd Decatur, IL.
    What is the asking price?
    The asking price for this property is $761,864.
    Request Owner's contact information
    655 Pershing Rd Decatur, IL 62526
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    Decatur, IL 62526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    655 Pershing Rd Decatur, IL 62526
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