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    1020 Eldorado St Decatur, IL 62521

    Sponsored
    For Sale
    $349,000

    7,000 SF Warehouse/Flex Space

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000-square-foot industrial property in Decatur, Illinois, presents a compelling owner-user opportunity. Located at 1020 E Eldorado St, this single-story building sits on a half-acre lot (APN: 04-12-14-205-003) and boasts a prime location with high visibility, experiencing over 16,000 vehicles passing daily. The property features a blend of office and warehouse space, including approximately 3,000 square feet of office space with five private offices, a reception area, and private restrooms. The warehouse area, encompassing roughly 4,000 square feet, has been updated and includes two 14-foot overhead doors, 16-18-foot ceilings, and an existing crane. The building is equipped with 3-phase electric, enhancing its functionality for various industrial uses. Currently vacant, this value-add investment is priced at $349,000 ($49.86/sq ft), offering significant potential for growth and customization. Its zoning is designated as Industrial, making it suitable for a range of businesses. Ample parking is available on-site. This property represents a rare chance to acquire a well-situated, versatile industrial space in a thriving area. The property is zoned for industrial use.

    Property Features for 1020 Eldorado St

    General Information

    Property type
    Distribution properties
    Square Feet
    7,000 SF
    Lot Size
    21,780 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑visibility location with over 16,000 vehicles passing daily.
    • 7,000 SF industrial building on a half‑acre lot in Decatur, IL.
    • Two 14‑foot overhead doors in the 4,000 SF warehouse.
    • 3‑phase electrical service.
    • 3,000 SF of office space with five private offices and restrooms.
    • Priced at $349,000 ($49.86/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Wabel Tool Co Machine Shop Select Auto Used Car Dealer Select Auto Hail Auto Body Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -88.943002059545
    Latitude
    39.846033200352

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    FAQs

    What type of property is this?
    Distribution property - 7,000 SF Warehouse/Flex Space
    Where is this distribution property located?
    The property is located at 1020 Eldorado St Decatur, IL.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: High-visibility location with over 16,000 vehicles passing daily.; 7,000 SF industrial building on a half-acre lot in Decatur, IL.; Two 14-foot overhead doors in the 4,000 SF warehouse.
    Request Owner's contact information
    1020 Eldorado St Decatur, IL 62521
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    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
    1020 Eldorado St Decatur, IL 62521
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