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    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:
    392
    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

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    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
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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
    450 Pershing Rd Decatur, IL 62526
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