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    2881 Parkway Dr Decatur, IL 62526

    Sponsored
    For Sale
    $825,000

    33,000 SF Flex Space, $825K

    Property size:
    32,995 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 32,995-square-foot flex industrial property in Decatur, Illinois, presents a compelling investment opportunity. Located at 2881 E. Parkway Drive, this property sits on a 1.26-acre lot within the Northeast Business & Industrial Complex, offering convenient access to I-72 (3 miles). Built in 1978, the building boasts approximately 3,000 square feet of finished office space, complementing the expansive warehouse area. The warehouse features ceiling heights ranging from 11 to 18 feet, four loading docks with four dock-high doors, and drive-in doors. A partially fenced lot enhances security. The property includes overhead warehouse heaters and a dry sprinkler system, ensuring both functionality and safety. Ample power is available, including 3-phase power and an 800-amp capacity, supporting diverse operational needs. This versatile space is ideal for manufacturing, distribution, or logistics, providing the infrastructure to succeed in today's market. The property's APN is 04-13-06-152-006. This is a turnkey operation ready for immediate acquisition. The asking price is $825,000.

    Property Features for 2881 Parkway Dr

    General Information

    Property type
    Flex space
    Square Feet
    32,995 SF
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1978

    HighLights

    • 32,995 SF flex industrial building in Decatur, IL.
    • Located at 2881 E. Parkway Drive on a 1.26‑acre lot in the Northeast Business & Industrial Complex, 3 miles from I‑72.
    • Features 3,000 SF of finished office space.
    • Warehouse includes 11‑18' ceiling heights, four loading docks with four dock‑high doors, and drive‑in doors.
    • Partially fenced lot, overhead heaters, and a dry sprinkler system.
    • 800‑amp, 3‑phase power available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Columbia Pipe & Supply ... Pipe Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.914853234267
    Latitude
    39.871439570591

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    FAQs

    What type of property is this?
    Flex space - 33,000 SF Flex Space, $825K
    Where is this flex space located?
    The property is located at 2881 Parkway Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 32,995 SF flex industrial building in Decatur, IL.; Located at 2881 E. Parkway Drive on a 1.26-acre lot in the Northeast Business & Industrial Complex, 3 miles from I-72.; Features 3,000 SF of finished office space.
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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
    2881 Parkway Dr Decatur, IL 62526
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