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Property profile & analytics
OFF-MARKET
Land

0 Albany Pl Decatur, IL 62521

18.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 18.2-acre parcel in Decatur, Illinois, presents a unique investment opportunity. The property, zoned R-3, comprises 15 undeveloped duplex lots, ready for immediate development. Approved floor plans for both three-bedroom, two-bathroom and two-bedroom, two-bathroom units are in place, streamlining the construction process. This development is specifically designed for an adult community (55+). Its strategic location offers unparalleled convenience, situated approximately one mile from Lake Decatur and Decatur Airport, and minutes from US 36 (18,600 AADT). The property benefits from proximity to a thriving shopping district, anchored by major retailers such as Walmart and Kroger, along with numerous other amenities including Walgreens, Rural King, medical facilities, movie theaters, and fast-food restaurants. Decatur's location provides easy access to major cities, including Springfield, Bloomington-Normal, Champaign-Urbana, St. Louis, Indianapolis, and Chicago, making it an attractive location for residents and investors alike. The property's APN is 09-13-19-477-049. The asking price for this exceptional land opportunity is $230,000.

Property profile
Verified
Property type Land
Lot 18.2 ac (792,792 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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