2882 Dinneen St Decatur, IL 62526
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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