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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1343 Route 48 Decatur, IL 62526

17,568 SF Built 1967
Property ID
Property summary
AI-generated overview

This 17,568-square-foot retail building, constructed in 1967, is situated in Decatur, Illinois, at 1343 N. Route 48. Currently, a 7,200-square-foot space is available for lease. The building is divided into two tenant spaces, and the landlord is willing to renovate the space to suit a qualified tenant. The layout features a wide-open retail area with central mechanical and restroom facilities. The property boasts excellent visibility and high traffic volume, located on the northwest corner of IL Route 48 (N. Oakland Ave/N. Fairview Ave) with 11,700 vehicles per day and W. Grand Ave with 8,100 vehicles per day. This prime location in west Decatur places the property near various retailers including Walgreens, U Top Beauty Supply, Save A Lot Grocery, Harvest Market Fuel Station, and AutoZone. The area also includes residential neighborhoods, Akorn Pharmaceuticals, MacArthur High School, and proximity to Millikin University. The property includes 100 parking spaces and is located in Macon County, Illinois, zip code 62526. This presents a unique opportunity for a business seeking high visibility and a strong customer base in a well-established commercial area.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1967
Total area 17,568 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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