Property profile

2882 Dinneen St Decatur, IL 62526

OFF-MARKET
Specialty properties
12 SF 8.19 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property in Decatur, Illinois presents a significant value-add investment opportunity. Located at 2882 N Dinneen St, this 8.19-acre site boasts a 15,000 square foot, two-story building with a versatile layout suitable for various commercial uses. Currently vacant, the property offers three units within a single building, providing flexibility for diverse tenants or a single large-scale operation. The zoning is commercial, allowing for a wide range of possibilities, including bar, religious/church, or sports/entertainment uses. The building features approximately 12-15,000 square feet of space with 12-foot ceilings and ample parking for 400 vehicles. Its location off a busy road provides excellent visibility and accessibility. The property's size and features make it ideal for a variety of businesses seeking a prominent presence in a thriving community. The asking price is $790,000. The property includes a full-service bar and is well-suited for events such as weddings. This is a rare opportunity to acquire a substantial mixed-use property with significant potential for growth and return on investment. The property's features include a large banquet room and ample entertainment space. The property is classified as Class C and is currently vacant. The APN is 04-12-01-126-010.

Property profile

Verified
Property type Specialty properties
Total area 12 SF
Lot 8.19 ac (356,756 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2882 Dinneen St Decatur, IL 62526
Decatur metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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