Arbor Dr Decatur, IL 62526
- Land
- 71.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Arbor Dr
- Lot size
- 71.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 71-acre property in Decatur, Illinois, presents a remarkable investment opportunity. Located in Macon County, with the address of W Arbor Dr, zip code 62526, and APN 0728200032, this expansive land parcel is zoned A-1 and offers a multitude of development possibilities. Its strategic location near Interstate-72 and the Warrensburg School District provides excellent accessibility and desirability. The property is situated adjacent to City of Decatur parcels and amenities, offering convenient access to existing infrastructure. The land is suitable for a variety of uses, including commercial, residential, multi-family developments, or even a horse/cattle ranch. Adding to its versatility, the property is divisible, allowing for flexible development plans to suit various needs and budgets. An additional 8.59 acres to the south (APN 07-07-28-200-036) are also available for purchase. Furthermore, the property has the potential to be annexed into the City of Decatur, providing access to city water and sewer services. The asking price is $2,453,500, translating to $35,000 per acre. This represents a compelling opportunity for investors seeking a prime location with significant development potential and a motivated seller. Farm ground lease options are available. The property is held under a Direct Purchase ownership structure.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9794
- Latitude
- 39.9053
