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    Arbor Dr Decatur, IL 62526

    Sponsored
    For Sale
    $2,453,500

    Prime Illinois land, diverse development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 71-acre property in Decatur, Illinois, presents a remarkable investment opportunity. Located in Macon County, with the address of W Arbor Dr, zip code 62526, and APN 0728200032, this expansive land parcel is zoned A-1 and offers a multitude of development possibilities. Its strategic location near Interstate-72 and the Warrensburg School District provides excellent accessibility and desirability. The property is situated adjacent to City of Decatur parcels and amenities, offering convenient access to existing infrastructure. The land is suitable for a variety of uses, including commercial, residential, multi-family developments, or even a horse/cattle ranch. Adding to its versatility, the property is divisible, allowing for flexible development plans to suit various needs and budgets. An additional 8.59 acres to the south (APN 07-07-28-200-036) are also available for purchase. Furthermore, the property has the potential to be annexed into the City of Decatur, providing access to city water and sewer services. The asking price is $2,453,500, translating to $35,000 per acre. This represents a compelling opportunity for investors seeking a prime location with significant development potential and a motivated seller. Farm ground lease options are available. The property is held under a Direct Purchase ownership structure.

    Property Features for 0 Arbor Dr

    General Information

    Property type
    Farms
    Lot Size
    3,092,760 SF

    HighLights

    • Highly motivated seller.
    • Property is divisible.
    • Located in a desirable school district.
    • Excellent interstate access.
    • Offers mixed‑use development potential (residential, commercial, multi‑family).
    • Potential for annexation into the City of Decatur and utility connection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.979438858831
    Latitude
    39.905274414091

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    FAQs

    What type of property is this?
    Farm - Prime Illinois land, diverse development potential.
    Where is this farm located?
    The property is located at Arbor Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $2,453,500.
    What are key features of this property?
    This property features: Highly motivated seller.; Property is divisible.; Located in a desirable school district.
    Request Owner's contact information
    Arbor Dr 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
    Arbor Dr Decatur, IL 62526
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