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    15 County Fair Dr Decatur, IL 62526

    Sponsored
    For Sale
    $160,000

    1.1-Acre Development Site, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.1-acre commercial development site in Decatur, Illinois, presents a unique investment opportunity. Located at 15 County Fair Drive, this property boasts a highly visible location directly across from the newly developed Love's Travel Center, offering significant cross-selling potential. The site benefits from excellent access to Interstate 72 and State Highway 121, experiencing high daily traffic volumes exceeding 7,500 vehicles on Highway 121 and over 13,000 on I-72. The land, totaling approximately 47,916 square feet (195' x 245' dimensions), is priced at $160,000, or $4.07 per square foot. Its agricultural and commercial zoning makes it ideal for a variety of uses, including quick-service restaurants, hotels, or other hospitality businesses seeking a high-traffic location with excellent interstate access. This prime parcel is ready for immediate development and offers significant return potential for the right investor. The property is situated in Macon County, Illinois, with a zip code of 62526.

    Property Features for 15 County Fair Dr

    General Information

    Property type
    Farms
    Lot Size
    47,916 SF

    HighLights

    • Sale Price: $195,000
    • Lot Size: 1.1 Acres
    • Building Size: 47,916 Square Feet
    • Price per Acre: $177,273
    • Price per Square Foot: $4.07
    • Lot Dimensions: Approximately 195' x 245'
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.9817364
    Latitude
    39.8961216

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    FAQs

    What type of property is this?
    Farm - 1.1-Acre Development Site, High Traffic
    Where is this farm located?
    The property is located at 15 County Fair Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Sale Price: $195,000; Lot Size: 1.1 Acres; Building Size: 47,916 Square Feet
    Request Owner's contact information
    15 County Fair Dr 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
    15 County Fair Dr Decatur, IL 62526
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