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    1420 Pershing Rd Decatur, IL 62526

    Sponsored
    For Lease
    $120 SF/Yr ($12,500 /Mo)

    High-performing, single-tenant gas station.

    Lot size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1,250-square-foot gas station presents a lucrative investment opportunity. Located on a 0.76-acre lot, this Class B property boasts a single-story building constructed in 1989 and extensively renovated in 2020. The property is currently 100% occupied by a single tenant, ensuring a stable income stream. Ample parking is available with 20 spaces provided for customers and employees. The property features no elevators, typical for a single-story retail building of this type. The building's size is ideal for a thriving gas station operation, offering sufficient space for fuel pumps, a convenience store, and other potential amenities. The 2020 renovation likely included upgrades to enhance efficiency and aesthetics, contributing to the property's strong financial performance. This turnkey operation is ready for a new owner to step in and continue its success. The 0.76-acre lot provides ample space for potential expansion or future development, adding further value to this already profitable investment. This is a rare opportunity to acquire a well-established and high-performing gas station with a proven track record. The property's strong financials and prime location make it an attractive investment for discerning buyers seeking a stable and profitable asset.

    Property Features for 1420 Pershing Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,250 SF
    Class
    B
    Total Rate
    12500

    Building Details

    Year Built/Renovated
    1989/2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,250 SF
    Rate per SF
    $168

    HighLights

    • Retail gas station/truck stop, single‑tenant occupancy.
    • 1,250 square feet building on a 0.76‑acre lot.
    • Fully occupied (0 vacant square feet).
    • Class B building, constructed in 1989, renovated in 2020.
    • One‑story building with 20 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bitcoin Depot | Bitcoin ... Atm U-Haul Neighborhood Dealer Trailer Rental Service Bitcoin Depot - Bitcoin ... Crypto Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9380186
    Latitude
    39.8776134

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    FAQs

    What type of property is this?
    Retail property - High-performing, single-tenant gas station.
    Where is this retail property located?
    The property is located at 1420 Pershing Rd Decatur, IL.
    What is the lease rate?
    The lease rate is $168 SF/Yr.
    What are key features of this property?
    This property features: Retail gas station/truck stop, single-tenant occupancy.; 1,250 square feet building on a 0.76-acre lot.; Fully occupied (0 vacant square feet).
    Request Owner's contact information
    1420 Pershing Rd 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
    1420 Pershing Rd Decatur, IL 62526
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