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Property profile & analytics
OFF-MARKET
Land

0 Arbor Dr Decatur, IL 62526

71 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 71 ac (3,092,760 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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