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    1450 E Eldorado St Decatur, IL 62521

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    For Sale
    $115,000

    Freestanding 785 SF building on 0.40 acre corner lot.

    Property size:
    785 SF
    Lot size:
    0.40 Acres

    Property Features for 1450 E Eldorado St

    General Information

    Size
    785 SF
    Lot size
    0.40 Acres

    Source: Main Place Real Estate Agent Zane Peterson

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

    Overview

    Freestanding Building on Corner Lot

    The property is a freestanding building with 785 square feet of space, situated on a 0.40-acre corner lot. Formerly a quick service drive-thru restaurant, it was most recently used as a sales office. Located on East Eldorado Street (Illinois Route 36), the site benefits from high traffic volume, with over 16,000 vehicles passing by daily. This commercial property offers various possibilities for potential business uses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Title Loans Loan Agency

    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
    -88.9369717
    Latitude
    39.8465471

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    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding 785 SF building on 0.40 acre corner lot.
    Where is this drive through restaurant located?
    The property is located at 1450 E Eldorado St Decatur, IL.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - High traffic location: Over 16,000 vehicles per day.; - Corner lot: Sits on a 0.40 acre corner lot.; - Freestanding building: Small, independent structure.
    (217) 454-8800
    Request Owner's contact information
    1450 E Eldorado St Decatur, IL 62521
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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
    1450 E Eldorado St Decatur, IL 62521
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