Property profile

0 Main St Decatur, IL 62522

OFF-MARKET
Land
23.22 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 23.22 ac (1,011,463 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Decatur, IL 62522
Decatur metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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