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    1202 20Th St Decatur, IL 62521

    Sponsored
    For Sale
    $75,000

    1,440 SF Flex Space, $75k, Illinois

    Property size:
    1,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Decatur, Illinois property presents a unique value-add opportunity. The 1,440 square foot flex space, situated on a 6,200 square foot lot (APN 12-12-329-007), is currently configured as part of an auto body shop. The main building features a small office, breakroom, one bathroom, and a large open garage area. All existing shelving and tools are included in the sale. A secondary, 500 square foot residential building is also located on the property. The property is zoned commercial and boasts a single-story design within two buildings, constructed in 1959, with an 8-foot ceiling height. This Class B property offers significant potential for various commercial or mixed-use applications. The sale excludes any vehicles currently on the premises. This is an exceptional chance to acquire a versatile property in a desirable location, ripe for renovation and repositioning to maximize its potential. The property's location in Macon County, Illinois, at 1202 N 20th St, Decatur, IL 62521, offers convenient access to local amenities and transportation routes.

    Property Features for 1202 20Th St

    General Information

    Property type
    Flex space
    Square Feet
    1,440 SF
    Class
    B

    Building Details

    Year Built
    1959
    Buildings
    2
    Stories
    1

    HighLights

    • $75,000 asking price for a value‑add opportunity.
    • 1,440 square foot flex space in a Class B building.
    • Located on a 6,200 square foot lot in Decatur, IL.
    • Features two buildings, one commercial and one small residential (500 sq ft).
    • Includes shelving and tools (cars excluded).
    • 8‑foot ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -88.9284788
    Latitude
    39.8546281

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    FAQs

    What type of property is this?
    Flex space - 1,440 SF Flex Space, $75k, Illinois
    Where is this flex space located?
    The property is located at 1202 20Th St Decatur, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: $75,000 asking price for a value-add opportunity.; 1,440 square foot flex space in a Class B building.; Located on a 6,200 square foot lot in Decatur, IL.
    Request Owner's contact information
    1202 20Th 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
    1202 20Th St Decatur, IL 62521
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