Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Developmental Land Near Interstate-72 Title is generated by Realmo AI

    W Arbor Dr, Decatur, IL 62526

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Development land with potential for commercial or residential use.

    Type:Land
    Added:
    Oct 11, 2023
    Days on Market:
    968
    Last Refresh:
    May 12 at 10:50 pm

    Property Features for W Arbor Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Austin Deaton
    Austin Deaton

    Listing agent Austin Deaton License #IL 475198953

    Listing office Brinkoetter Realtors

    Listing date Oct 11, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Brinkoetter Realtors

    HighLights

    • Conveniently located near Interstate‑72.
    • Developmental land with multiple potential uses.
    • Adjacent to City of Decatur parcels and amenities.
    • Located in Warrensburg School District.
    • Able to be annexed into the City for water & sewer access.
    • Divisible or purchasable as a whole, including an additional 8.59 acres.

    Overview

    This developmental land offers many possibilities and potential due to its convenient location near Interstate-72 and the Warrensburg School District. The property is adjacent to City of Decatur parcels and amenities. This presents a great opportunity for development, including commercial, residential, horse or cattle ranch, and multi-family use. The land can be divided or purchased as a whole, including an extra 8.59 acres to the south. Annexation into the City is possible, which would allow for city water and sewer services.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.967192
    Latitude
    39.905759

    Nearby Similar for Sale

    • $257,700

      Decatur Development Land For Sale

      8.81+/- acres prime development land in Decatur, Illinois.
      4378 Taylor Ave, Decatur, IL 62526
      View Details
    • $1,838,700

      Development Land on Arbor Drive

      61.29 acres of land ideal for residential development.
      0 Arbor Dr, Decatur, IL 62526
      View Details
    • $347,000

      Decatur Medical/Professional Office Building

      Medical/professional office building for sale in Decatur, Illinois.
      3021 N Oakland Ave Decatur, IL 62526
      View Details
    • $174,900

      Adaptable Commercial Building on Large Site

      Versatile building on 1.42 acres, suitable for various businesses.
      3260 N Charles St, Decatur, IL, 62526-2901
      View Details
    • $575,000
      4,464 SF

      Medical Office Building For Sale

      Custom-built medical office in a central business district.
      675 E Snyder Dr, Decatur, IL 62526
      View Details
    • $3,100,000
      14,490 SF

      Family Dollar Retail Investment Opportunity

      Retail property with a strong tenant history since 2019.
      1315 N Water St, Decatur, IL 62526
      View Details
    • $29,000

      Residential Lot in Country Club

      Vacant lot in Decatur's desirable Country Club Meadows Court.
      17 Country Club Meadows Court, Decatur, IL 62561
      View Details
    • $800,000
      14,500 SF

      Mixed-Use Property with Income Potential

      Value-add investment opportunity in Decatur's downtown commercial corridor.
      334 W Main St, Decatur, IL
      View Details
    • $545,000
      12,480 SF

      Historic Mixed-Use Investment Opportunity

      Three-story brick building in Downtown Decatur with diversified income streams.
      160 North Merchant Street, Decatur, IL 62523
      View Details
    • $199,900
      3,000 SF

      Decatur Bar and Billiards Venue

      Established bar and billiards venue with a loyal customer base.
      858 W Green St, Decatur, IL 62522
      View Details
    • $699,000
      1,250 SF

      Retail Space Available For Lease

      Retail space available for lease in Decatur, Illinois.
      1400-1420 E Pershing Rd, Decatur, IL
      View Details
    • $3,100,000
      14,490 SF

      Family Dollar Investment Opportunity

      NNN leased Family Dollar with strong corporate guarantee.
      1315 N Water St, Decatur, IL 62526
      View Details

    FAQs

    What type of property is this?
    Land - Development land with potential for commercial or residential use.
    Where is this land located?
    The property is located at W 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: Conveniently located near Interstate‑72.; Developmental land with multiple potential uses.; Adjacent to City of Decatur parcels and amenities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Austin Deaton
    Austin Deaton
    Real Estate License ID: IL 475198953
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W Arbor Dr, Decatur, IL 62526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!