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    1174 Locust St Decatur, IL 62521

    Sponsored
    For Sale
    $88,888

    Historic Decatur Office, 2,450 SF

    Property size:
    2,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2,450-square-foot executive office building at 1174 E. Locust St., Decatur, IL, is available for $88,888. Located on a 0.12-acre lot in Macon County (APN 04-12-11-258-019), this Class C property boasts a prime corner location offering excellent street visibility. Built in 1919, the single-story building features a brand-new roof and flashing, preserving its original design while incorporating modern updates. The property includes two drive-in doors, one of which is an overhead door, providing convenient access. Currently vacant, this B-1 zoned property presents a unique opportunity for a variety of businesses. The asking price is $36.28 per square foot. This historic building offers ample space and a prominent location in a thriving Decatur commercial district. The property's rich history and strategic location make it an attractive investment opportunity.

    Property Features for 1174 Locust St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,450 SF
    Class
    C
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1919
    Buildings
    1
    Stories
    1

    HighLights

    • 2,450 SF executive office building on a 0.12‑acre lot in Decatur, IL.
    • Prime corner location with excellent street visibility.
    • Two drive‑in doors, one overhead.
    • New roof and flashing.
    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 Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9410182
    Latitude
    39.8563817

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Decatur Office, 2,450 SF
    Where is this office property / space located?
    The property is located at 1174 Locust St Decatur, IL.
    What is the asking price?
    The asking price for this property is $88,888.
    What are key features of this property?
    This property features: 2,450 SF executive office building on a 0.12-acre lot in Decatur, IL.; Prime corner location with excellent street visibility.; Two drive-in doors, one overhead.
    (217) 433-0839
    Request Owner's contact information
    1174 Locust 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
    1174 Locust St Decatur, IL 62521
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