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    3500 Larkdale Ct Decatur, IL 62526

    Sponsored
    For Sale
    $120,000

    Prime Decatur, IL commercial land, B-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.65-acre commercial land parcel in Decatur, Illinois, presents a unique investment opportunity. Located at 3500 Larkdale Court, this property is comprised of three contiguous tax tracts, offering flexibility for development. The B-1 zoning allows for a variety of commercial uses. The site boasts a strategic location adjacent to 22nd Street, providing excellent visibility and accessibility. Its proximity to a public park and a single-family residential subdivision offers a desirable blend of commercial and residential surroundings. The established Larkdale Commercial Park, featuring a Marathon Service Station, provides an existing commercial presence in the immediate vicinity. The asking price for the entire 1.65-acre parcel is $120,000. The tax amount listed reflects the combined assessment for all three lots. This property is ideal for developers seeking a well-situated site with potential for significant return. The lot size is 1.65 acres, offering ample space for various commercial ventures. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. The property's location in Macon County, Illinois, with a zip code of 62526, offers easy access to local amenities and transportation routes.

    Property Features for 3500 Larkdale Ct

    General Information

    Property type
    Land
    Lot Size
    71,874 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -88.916259
    Latitude
    39.8876036

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    FAQs

    What type of property is this?
    Land - Prime Decatur, IL commercial land, B-1 zoning.
    Where is this land located?
    The property is located at 3500 Larkdale Ct Decatur, IL.
    What is the asking price?
    The asking price for this property is $120,000.
    (217) 433-0839
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    3500 Larkdale Ct 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
    3500 Larkdale Ct Decatur, IL 62526
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