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Property profile & analytics
OFF-MARKET
Land

2645 Us 51 Decatur, IL 62526

1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.5-acre development opportunity is located in Decatur, Illinois, in Macon County, specifically at 2645 S US 51, zip code 62526. The property boasts a prime location on a high-traffic corridor, experiencing over 20,000 average daily vehicle counts. This makes it ideal for a variety of commercial ventures. The land is comprised of seven parcels and is zoned COM, permitting both commercial and residential uses. Its high visibility and excellent road frontage make it a standout investment. Nearby businesses include Aldi, Dairy Queen, Taco Bell, Dollar General, First Mid Bank, and a Ford dealership, indicating a strong existing commercial presence. The asking price for this significant development site is $399,000. The property's APN is 04-12-03-280-011. This location presents a unique chance to capitalize on a thriving commercial area with significant potential for growth and return on investment. The property's strategic position and high traffic volume make it an attractive proposition for developers seeking a high-impact location. Consider the possibilities for a gas station, quick-service restaurant, or a multi-tenant plaza. Don't miss this chance to acquire a highly visible and strategically located commercial property in a bustling area of Decatur.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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