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    801 Jasper St Decatur, IL 62521

    Sponsored
    For Sale
    $56,190

    Prime 0.43-acre Decatur development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.43-acre commercial land parcel presents a unique investment opportunity in Decatur, Illinois. Located at 801 S Jasper St, this property boasts a highly desirable B-1 Neighborhood Shopping zoning designation, making it ideal for a variety of commercial ventures. Previously a gas station, the site has undergone environmental remediation with the complete removal of all underground storage tanks. The property's convenient location near Lake Decatur offers excellent visibility and accessibility. With its sizable lot and prime location in Macon County's largest city (population 76,122), this site is poised for significant development potential. The APN is 04-12-23-203-022. Interested parties should inquire about any applicable use restrictions. This is a rare opportunity to acquire a well-situated, ready-to-develop commercial lot in a thriving Illinois community. The asking price for this exceptional property is $56,190. Don't miss out on this chance to build your business in a vibrant and growing market. The property's zip code is 62521.

    Property Features for 801 Jasper St

    General Information

    Property type
    Land
    Lot Size
    18,731 SF

    HighLights

    • $56,190 asking price for 0.43‑acre commercial land parcel.
    • B‑1 Neighborhood Shopping zoning.
    • 0.43‑acre lot size.
    • Located at 801 S Jasper St, Decatur, IL 62521 (APN: 04‑12‑23‑203‑022).
    • Former gas station site; USTs removed.
    • Contact broker for use restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9406217
    Latitude
    39.8330209

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    FAQs

    What type of property is this?
    Land - Prime 0.43-acre Decatur development site.
    Where is this land located?
    The property is located at 801 Jasper St Decatur, IL.
    What is the asking price?
    The asking price for this property is $56,190.
    What are key features of this property?
    This property features: $56,190 asking price for 0.43-acre commercial land parcel.; B-1 Neighborhood Shopping zoning.; 0.43-acre lot size.
    (502) 767-4199
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    801 Jasper St Decatur, IL 62521
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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
    801 Jasper St Decatur, IL 62521
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