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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4298 Prospect Dr Decatur, IL 62526

33,000 SF Built 1992
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity presents 15,580 square feet of available space within a 33,000-square-foot multi-tenant building at 4298 Prospect Dr, Decatur, IL 62526. Located in the highly desirable Decatur Crossing shopping center, this property boasts a prime location between Sam's Club and Walmart, both recently remodeled, ensuring high visibility and significant foot traffic. The building, constructed in 1992 and renovated in 1999, is situated on a single story and offers over 1800 parking spaces for customer convenience. The space, currently occupied by JOANN Fabrics & Crafts, will become available May 1, 2024. The property is zoned B3 - Planned Shopping, and its APN is 07-07-26-151-005, 07-07-26-151-003. Decatur Crossing is the highest volume retail center in the area, benefiting from its strategic location off US 51 (25,100 VPD) and Ash Ave. (11,900 VPD). The surrounding area includes a diverse range of established businesses, including Walgreens, Slumberland Furniture, Panera Bread, and many more, creating a vibrant and thriving retail environment. Decatur's central location, approximately 40 miles east of Springfield, IL, and within reasonable driving distance of several major metropolitan areas, further enhances the property's appeal and accessibility. This is an unparalleled chance to establish a presence in a high-performing retail hub.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1992
Total area 33,000 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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