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    1621 E Eldorado St Decatur, IL 62521

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    For Lease
    $2,000 /Mo ($14 SF/Yr)

    Versatile 1,000 SF retail/restaurant space on a high-traffic corridor.

    Property size:
    1,700 SF
    Lot size:
    0.55 Acres

    Property Features for 1621 E Eldorado St

    General Information

    Size
    1,700 SF
    Lot size
    0.55 Acres

    Source: Main Place Real Estate Agent Zane Peterson

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

    Overview

    Retail/Restaurant Space on High-Traffic Corridor

    This retail or restaurant space, formerly a restaurant and gaming cafe, is available for lease. The approximately 1,000 square foot space is suitable for food service due to existing infrastructure and restrooms, but it can accommodate various business uses. Ample parking is available, and the property shares tenancy with a high-volume Subway. Situated on a corner location along a high-traffic corridor, US Route 36, the location benefits from a daily traffic count exceeding 15,000 vehicles per day, providing excellent visibility and easy access. The property is in close proximity to major employers, including Premient, CAT, and ADM. This versatile space is ready for customization for a new restaurant, entertainment venue, or retail business. The sublandlord is open to negotiation.
    Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop Carolyn’s Mega slots ... Gambling House

    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
    -88.9349643
    Latitude
    39.8460642

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    FAQs

    What type of property is this?
    Restaurant - Versatile 1,000 SF retail/restaurant space on a high-traffic corridor.
    Where is this restaurant located?
    The property is located at 1621 E Eldorado St Decatur, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on US RT 36 with 15,000+ vehicles per day, offering excellent visibility and easy access.; - Existing restaurant infrastructure and restrooms, ideal for food service businesses.; - Ample parking available.
    (217) 454-8800
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    1621 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
    1621 E Eldorado St Decatur, IL 62521
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