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    3015 Grand Prix Dr Decatur, IL 62526

    Sponsored
    For Sale
    $174,500

    Prime Decatur location, high traffic. Restaurant/office potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.04-acre commercial parcel, located at 3015 Grand Prix Drive in Decatur, Illinois, presents a unique redevelopment opportunity. Situated on the highly visible corner of Grand Prix Drive and Pershing Road, this property benefits from exceptional daily traffic counts of 14,800 vehicles. The site previously housed Starship Billiards, an 8,000 square-foot building, which was unfortunately destroyed by fire and subsequently demolished. A concrete parking and building pad remains, simplifying the development process for future construction. The property's zoning allows for a variety of commercial uses, including restaurant and office space, making it ideal for entrepreneurs and investors seeking a high-traffic location in a thriving Illinois community. The asking price for this prime Decatur property is $174,500. The property's address is 3015 Grand Prix Drive, Decatur, IL 62526, within Macon County. This is a rare chance to acquire a well-positioned lot with significant potential for a profitable commercial venture. The existing infrastructure, including the concrete pad, significantly reduces initial development costs. Don't miss this opportunity to establish your business in a high-visibility location with substantial daily traffic.

    Property Features for 3015 Grand Prix Dr

    General Information

    Property type
    Restaurants

    HighLights

    • 1.04‑acre commercial lot at 3015 Grand Prix Drive, Decatur, IL.
    • High visibility corner lot with 14,800 daily vehicle counts.
    • Previously housed an 8,000 sq ft building (demolished); existing concrete pad.
    • Zoned for various commercial uses, including restaurants and offices.
    • Asking price: $174,500.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9293328
    Latitude
    39.878312

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    FAQs

    What type of property is this?
    Restaurant - Prime Decatur location, high traffic. Restaurant/office potential.
    Where is this restaurant located?
    The property is located at 3015 Grand Prix Dr Decatur, IL.
    What is the asking price?
    The asking price for this property is $174,500.
    What are key features of this property?
    This property features: 1.04-acre commercial lot at 3015 Grand Prix Drive, Decatur, IL.; High visibility corner lot with 14,800 daily vehicle counts.; Previously housed an 8,000 sq ft building (demolished); existing concrete pad.
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    3015 Grand Prix 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
    3015 Grand Prix Dr Decatur, IL 62526
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