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    4262-4298 N Prospect Dr Decatur, IL

    For Lease
    Contact for pricing

    15,580 SF retail space adjacent to Walmart and Sam’s Club.

    Property size:
    15,580 SF
    Lot size:
    4.94 Acres

    Property Features for 4262-4298 N Prospect Dr

    General Information

    Size
    15,580 SF
    Lot size
    4.94 Acres

    Source: Colliers | Chicago Rosemont Agent Zach Ofner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Walmart

    This 15,580 square foot retail space is a former Joann Fabrics location. The property benefits from its location adjacent to Walmart and Sam’s Club. According to Placer.ai, the Walmart location is in the top 20% in Illinois and #1 in Decatur. The property features over 1,500 feet of frontage on N Prospect St, with four curb cuts. Area retailers include Target, Ashley Furniture, Best Buy, Ross, Panera, Mattress Firm, and Chipotle.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9548001
    Latitude
    39.8403147

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    FAQs

    What type of property is this?
    Retail space - 15,580 SF retail space adjacent to Walmart and Sam’s Club.
    Where is this retail space located?
    The property is located at 4262-4298 N Prospect Dr Decatur, IL.
    What are key features of this property?
    This property features: - Adjacent to high-performing Walmart and Sam’s Club.; - Former Joann Fabrics space offering 15,580 sf.; - Walmart is a top performer, ranking in the top 20% in Illinois and #1 in Decatur.
    (847) 698-8444
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    4262-4298 N Prospect Dr Decatur, IL
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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
    4262-4298 N Prospect Dr Decatur, IL
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