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    2882 Dinneen St Decatur, IL 62526

    Sponsored
    For Sale
    $790,000

    8.19 Acres, 15,000 sq ft, Value-Add Opportunity

    Property size:
    12 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Decatur, Illinois presents a significant value-add investment opportunity. Located at 2882 N Dinneen St, this 8.19-acre site boasts a 15,000 square foot, two-story building with a versatile layout suitable for various commercial uses. Currently vacant, the property offers three units within a single building, providing flexibility for diverse tenants or a single large-scale operation. The zoning is commercial, allowing for a wide range of possibilities, including bar, religious/church, or sports/entertainment uses. The building features approximately 12-15,000 square feet of space with 12-foot ceilings and ample parking for 400 vehicles. Its location off a busy road provides excellent visibility and accessibility. The property's size and features make it ideal for a variety of businesses seeking a prominent presence in a thriving community. The asking price is $790,000. The property includes a full-service bar and is well-suited for events such as weddings. This is a rare opportunity to acquire a substantial mixed-use property with significant potential for growth and return on investment. The property's features include a large banquet room and ample entertainment space. The property is classified as Class C and is currently vacant. The APN is 04-12-01-126-010.

    Property Features for 2882 Dinneen St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    12 SF
    Class
    C
    Lot Size
    356,756 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Quiet location with convenient road access.
    • Over eight acres of land.
    • On‑site full‑service bar.
    • Excellent potential as a wedding venue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.931480299454
    Latitude
    39.875361574919

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    FAQs

    What type of property is this?
    Church & religious facility - 8.19 Acres, 15,000 sq ft, Value-Add Opportunity
    Where is this church & religious facility located?
    The property is located at 2882 Dinneen St Decatur, IL.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: Quiet location with convenient road access.; Over eight acres of land.; On-site full-service bar.
    Request Owner's contact information
    2882 Dinneen St 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
    2882 Dinneen St Decatur, IL 62526
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