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    1331 Eldorado St Decatur, IL 62521

    Sponsored
    For Sale
    $149,000

    2,234 SF Flex Space, High Traffic Area

    Property size:
    2,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,234 square foot industrial/mixed-use property, located at 1331 E Eldorado St, Decatur, IL 62521 (APN: 12-14-231-003), presents a compelling redevelopment opportunity. Built in 1959, this single-story, Class C building sits on a 12,008 square foot lot and is zoned for commercial use. Previously a four-bay car wash, the existing infrastructure, including plumbing, drainage, and utilities, remains functional, offering a solid foundation for various projects. The property's prime location on Eldorado Street, a major Decatur commercial corridor, ensures high visibility and significant traffic volume, ideal for attracting customers. Potential uses are diverse, ranging from restoring the car wash to establishing a new automotive service or developing a completely different commercial venture. The asking price is $149,000. This unique property offers significant potential for investors seeking a high-traffic location and adaptable space in a thriving commercial area. The property's existing infrastructure minimizes initial investment costs, making it an attractive proposition for a wide range of commercial endeavors.

    Property Features for 1331 Eldorado St

    General Information

    Property type
    Flex space
    Square Feet
    2,234 SF
    Class
    C

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    1

    HighLights

    • Excellent investment opportunity in a high‑traffic area of Decatur, IL.
    • High‑visibility location on Eldorado Street, a major commercial corridor with high traffic volume.
    • Commercially zoned, allowing for retail, automotive services, or redevelopment.
    • Existing infrastructure includes functional plumbing, drainage, and utilities.
    • Redevelopment potential includes restoring the car wash, converting to another automotive service, or developing a new commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -88.938462911796
    Latitude
    39.846166796146

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    FAQs

    What type of property is this?
    Flex space - 2,234 SF Flex Space, High Traffic Area
    Where is this flex space located?
    The property is located at 1331 Eldorado St Decatur, IL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Excellent investment opportunity in a high-traffic area of Decatur, IL.; High-visibility location on Eldorado Street, a major commercial corridor with high traffic volume.; Commercially zoned, allowing for retail, automotive services, or redevelopment.
    Request Owner's contact information
    1331 Eldorado St Decatur, IL 62521
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    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
    1331 Eldorado St Decatur, IL 62521
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