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    2807 Main St Decatur, IL 62526

    Sponsored
    For Lease
    $16 SF/Yr

    Prime Decatur location, high traffic area.

    Lot size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,900 square foot retail space, located at 2807 N Main St in Decatur, Illinois, presents a fantastic opportunity for a variety of commercial businesses. Built in 1993, the building was originally designed as a two-tenant space, and currently features a Godfather's Pizza and a vacant suite previously occupied by Memorial Health. The layout includes four private offices, a conference room, a bullpen area, open retail space, and restrooms. The property is zoned B2-Commercial, allowing for diverse commercial uses. Situated just south of Decatur's main retail corridor along Main/Water/Bus US 51 & Pershing Ave, this location benefits from exceptional visibility and high traffic counts exceeding 42,000 vehicles daily. The area boasts a mix of national, regional, and local businesses. Decatur's strategic location offers easy access to major metropolitan areas, including St. Louis (123 miles), Chicago (177 miles), Indianapolis (155 miles), Champaign (45 miles), Bloomington (46 miles), and Springfield (44 miles), making it an ideal location for businesses seeking regional reach. The property's existing infrastructure and versatile layout provide a solid foundation for a thriving business. The zip code is 62526, and Macon County is the location.

    Property Features for 2807 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,900 SF

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Size
    2,900 SF
    Rate per SF
    $16
    Property Profile Location Intelligence

    Current Use by Public Records

    KRRAK crossfit Gym Raising the Bar Fitness ... Fitness Center

    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
    -88.9573205
    Latitude
    39.8735737

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    FAQs

    What type of property is this?
    Individual retail property - Prime Decatur location, high traffic area.
    Where is this individual retail property located?
    The property is located at 2807 Main St Decatur, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    Request Owner's contact information
    2807 Main St 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
    2807 Main St Decatur, IL 62526
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