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    Lakefront Land Parcel with Subdivision Potential Title is generated by Realmo AI

    3940 Graces Ln, Decatur, IL 62521

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    For Sale
    $499,000

    Private lakefront tract offers significant water frontage and the option to create multiple smaller lake tracts.

    Type:Land
    Lot size:
    8.10 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    199
    Last Refresh:
    Jun 26 at 2:15 am

    Property Features for 3940 Graces Ln

    General Information

    Standard status
    Active
    Lot size
    8.10 Acres
    Property subtype
    Land

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    Robert Sparks
    Robert Sparks

    Listing office Brinkoetter REALTORS

    Listing date Dec 10, 2025

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Brinkoetter REALTORS

    HighLights

    • 8.1‑acre lakefront tract on Basin 6 with approximately 666.5 ft of lake frontage
    • Option to subdivide into 4 separate 2‑acre lake tracts
    • Previously used as a church camp
    • Majority of dead trees and undergrowth removed
    • Very private setting on a dead‑end street
    • Irregular‑shaped lot

    Overview

    This offering is a unique lakefront land parcel totaling approximately 8.1 acres, with about 666.5 feet of lake frontage. The property is irregular in shape, and much of the existing dead trees and undergrowth has been removed. The original use is identified as a church camp, and the site’s current condition reflects the recent clearing.

    The parcel sits on a dead-end street and is described as very private. It is located on Basin 6, and the lake frontage provides direct access to the water along a long shoreline.

    For buyers seeking a lake-oriented site, the property’s configuration and frontage support a variety of private development plans. The seller indicates it may be possible to subdivide the land into four separate 2-acre lake tracts, which could appeal to investors or buyers planning smaller, individually owned waterfront lots. All future plans should be confirmed with the appropriate local authorities and permitting requirements.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Kitchen & Bath Showroom HVAC Service Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.86866
    Latitude
    39.89619

    FAQs

    What type of property is this?
    Waterfront Land - Private lakefront tract offers significant water frontage and the option to create multiple smaller lake tracts.
    Where is this waterfront land located?
    The property is located at 3940 Graces Ln Decatur, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 8.1‑acre lakefront tract on Basin 6 with approximately 666.5 ft of lake frontage; Option to subdivide into 4 separate 2‑acre lake tracts; Previously used as a church camp
    More about this property
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