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    2881 E Parkway Dr Decatur, IL 62526

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    For Sale
    $825,000

    32,995 SF industrial warehouse on 2.84 acres for sale.

    Property size:
    32,995 SF
    Lot size:
    1.27 Acres

    Property Features for 2881 E Parkway Dr

    General Information

    Size
    32,995 SF
    Lot size
    1.27 Acres

    Source: Main Place Real Estate Agent Zane Peterson

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

    Overview

    Industrial Warehouse on 2.84 Acres

    This industrial warehouse property, available for immediate acquisition, is situated on a 2.84-acre double parcel lot within the Northeast Business & Industrial Complex. Located in the industrial corridor of Decatur, Illinois, it is in close proximity to industrial campuses and approximately 3 miles from I-72. The building totals approximately 32,995 square feet, including about 3,000 square feet of finished office space. The property features a partially fenced lot with both dock doors and drive-in doors. Ceiling height clearance ranges from 11 to 18 feet. Functionality is enhanced by overhead warehouse heaters and a dry sprinkler system. Ample power is available, including 3-phase and 800-amp capacity. This versatile industrial property is equipped to support a range of operational needs, including manufacturing, distribution, or logistics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Columbia Pipe & Supply ... Pipe Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store Department Store

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

    Similar Places Nearby

    ADM Intermodal Ramp, Lineage

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9153085
    Latitude
    39.8715837

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    FAQs

    What type of property is this?
    Warehouse - 32,995 SF industrial warehouse on 2.84 acres for sale.
    Where is this warehouse located?
    The property is located at 2881 E Parkway Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Immediate Acquisition Available: Ready for immediate use and operation.; - Large Lot Size: Situated on a 2.84-acre double parcel.; - Strategic Location in the heart of Decatur's industrial corridor, near major industrial campuses and I-72.
    (217) 454-8800
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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
    2881 E Parkway Dr Decatur, IL 62526
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