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    640 E Pershing Rd Decatur, IL 62526

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    For Sale
    $700,000

    High-traffic commercial land for retail or restaurant development.

    Lot size:
    0.82 Acres

    Property Features for 640 E Pershing Rd

    General Information

    Lot size
    0.82 Acres

    Source: Main Place Real Estate Agent Zane Peterson

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

    Overview

    Commercial Development Site on Pershing

    This commercial development site is located at the intersection of E Pershing Road (IL- RT 121) and Martin Luther King Jr. Drive in Macon County. The site benefits from high traffic, with average daily vehicle counts exceeding 27,000. Zoned B2 for Commercial and Retail Use, the property is suitable for various businesses, including a gas station, quick-service restaurant, or multi-tenant plaza. Neighboring businesses include Aldi Grocery Store, Dairy Queen, Taco Bell, Dollar General, First Mid Bank, and a Ford Dealership.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -88.9491755
    Latitude
    39.8773205

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    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial land for retail or restaurant development.
    Where is this commercial land located?
    The property is located at 640 E Pershing Rd Decatur, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - High traffic location with **over 27,000 average daily vehicle count.**; - Prime commercial development site.; - Zoned B2 for Commercial and Retail Use.
    (217) 454-8800
    Request Owner's contact information
    640 E 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
    640 E Pershing Rd Decatur, IL 62526
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