Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    450 Pershing Rd Decatur, IL 62526

    Sponsored
    For Sale
    $650,000

    High-traffic commercial land, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.73-acre commercial land parcel presents a unique investment opportunity in Decatur, Illinois. Located at the intersection of East Pershing Road and North Martin Luther King Drive, this property boasts unparalleled visibility and accessibility, situated in a high-traffic area anchored by a newly constructed Aldi store (built in 2018). The property's strategic location is further enhanced by its proximity to a variety of established national retailers, including Kroger, Dunkin’ Donuts, Circle K, Culver’s, and McDonald's, ensuring consistent foot traffic and strong brand recognition. The parcel is identified by APN 07-07-35-351-007 and is offered at an asking price of $650,000. This prime location offers significant potential for a variety of commercial developments, making it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving retail environment. The property's size and location make it suitable for a range of commercial uses, capitalizing on the existing synergy of successful businesses in the immediate vicinity. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a strong retail corridor.

    Property Features for 450 Pershing Rd

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • Asking Price: $650,000
    • Anchored by a new Aldi store (built 2018)
    • Excellent location near Kroger, Dunkin', Circle K, Culver's, and McDonald's
    • High‑visibility corner lot at E. Pershing Rd. and N. Martin Luther King Dr.
    • Property PIN: 07‑07‑35‑351‑007
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.9518229
    Latitude
    39.8774208

    Nearby Similar for Sale

    • New
      $2,350,000

      65-Unit Multifamily Investment Opportunity

      High-yield multifamily property near Millikin University with value-add potential.
      1740-1760 S Fairview Ave, Decatur, IL 62521
      View Details
    • $539,000
      1.67 Acres

      Decatur Industrial Warehouse on Route 121

      Industrial warehouse on Route 121 with easy Interstate access.
      2627 Route 121 N, Decatur, IL 62526
      View Details
    • $800,000
      14,500 SF

      Mixed-Use Property with Income Potential

      Value-add investment opportunity in Decatur's downtown commercial corridor.
      334 W Main St, Decatur, IL 62522
      View Details
    • $1,247,500
      10,160 SF

      Decatur Commercial Investment Opportunity

      Well-maintained commercial property with established tenants and strong returns.
      3090 N Main St, Decatur, IL 62526
      View Details
    • $825,000
      32,995 SF

      Industrial Warehouse on 2.84 Acres

      32,995 SF industrial warehouse on 2.84 acres for sale.
      2881 E Parkway Dr, Decatur, IL 62526
      View Details
    • $650,000
      19 SF

      Decatur Industrial Building with Yard

      Industrial property featuring three structures and a fenced laydown yard.
      765 E Pythian Ave, Decatur, IL 62526
      View Details
    • $489,000
      4,996 SF

      Fully Leased Office Investment Property

      Fully leased office building with high visibility and future development potential.
      1110 Arbor Dr, Decatur, IL 62526
      View Details
    • $65,000
      1,050 SF

      Decatur Mixed-Use Property For Sale

      Versatile commercial/residential property in Decatur, ideal for investors/entrepreneurs.
      609 E Van Buren Ave, Decatur, IL 62526
      View Details
    • $297,600
      7,288 SF

      Eldorado Street Investment Opportunity

      Two-story brick building near downtown and Millikin University.
      535 W Eldorado St, Decatur, IL 62522
      View Details
    • $279,000
      3,000 SF

      Decatur Bar and Billiards Venue

      Established bar and billiards venue with a loyal customer base.
      858 W Green St, Decatur, IL 62522
      View Details
    • $675,000
      11,884 SF

      248 N Park St, Decatur, IL

      Mixed-use properties • 11,884 SF
      248 N Park St, Decatur, IL 62523
      View Details
    • $133,500
      2,911 SF

      Commercial Auto Garage For Sale

      Commercial auto garage on a double corner lot.
      989 W Harrison Ave, Decatur, IL 62526
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic commercial land, excellent visibility.
    Where is this land located?
    The property is located at 450 Pershing Rd Decatur, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Asking Price: $650,000; Anchored by a new Aldi store (built 2018); Excellent location near Kroger, Dunkin', Circle K, Culver's, and McDonald's
    Request Owner's contact information
    450 Pershing Rd Decatur, IL 62526
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    450 Pershing Rd
    Decatur, IL 62526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    450 Pershing Rd Decatur, IL 62526
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.