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    Main St Decatur, IL 62522

    Sponsored
    For Sale
    $812,350

    23 Acres, Multi-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 23.22-acre development opportunity in Harristown, IL, situated within the town's Tax Increment Financing (TIF) District. This versatile parcel boasts excellent road frontage along Harristown Boulevard and West Main Street, offering significant exposure and accessibility. The property's zoning (MUN) permits a variety of uses, including agricultural, commercial, and residential development, making it ideal for a wide range of projects. The seller is open to dividing the land to accommodate specific buyer needs, providing flexibility for various development scenarios. Located near Old Route 36, this strategically positioned land presents an unparalleled chance to capitalize on the benefits of the TIF district while enjoying convenient access to major roadways. The property's size and location make it suitable for a multitude of projects, from single-family homes to multi-family complexes, commercial ventures, or even a mixed-use development. The asking price is $812,350. The APN is 061114201005. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a desirable location.

    Property Features for 0 Main St

    General Information

    Property type
    Farms
    Lot Size
    1,011,463 SF

    HighLights

    • Located in a Tax Increment Financing (TIF) District
    • Excellent road frontage on Old Rt 36 Highway and Main Street
    • Divisible to suit buyer needs
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -89.057142191146
    Latitude
    39.84231754463

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    FAQs

    What type of property is this?
    Farm - 23 Acres, Multi-Use Potential
    Where is this farm located?
    The property is located at Main St Decatur, IL.
    What is the asking price?
    The asking price for this property is $812,350.
    What are key features of this property?
    This property features: Located in a Tax Increment Financing (TIF) District; Excellent road frontage on Old Rt 36 Highway and Main Street; Divisible to suit buyer needs
    Request Owner's contact information
    Main St Decatur, IL 62522
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    Decatur, IL 62522
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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
    Main St Decatur, IL 62522
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