1234 Cerro Gordo StDecatur, IL 62522

Property Details for 1234 Cerro Gordo St

Lot size

1.58 AC

Zone code

MUNICIPAL

Property type

Office properties

Property subtype

Office buildings

APN

04-12-16-226-008

APU

41216226008

Description

Own this thriving Decatur, IL brewery, Door 4 Brewery, asking $800,000. This 4,000 square foot, three-story Class B building, built in 1959 and renovated in 2015, sits on a 1.53-acre lot with 25 parking spaces. The property includes a fully equipped brewery, a spacious taproom perfect for events, and a popular outdoor patio. Currently operating at 100% occupancy with four units, this multi-tenant property offers a proven track record of success in a high-traffic area near campus. The sale includes all brewing equipment, allowing for immediate production and potential expansion. The established brand presence and loyal customer base provide a strong foundation for continued growth, with opportunities to expand distribution and product lines. The property is zoned commercial and features a modified lease type. This is a unique opportunity for craft beer enthusiasts, entrepreneurs, or investors seeking a turn-key operation in a vibrant community. The property's prime location and established reputation make it an attractive investment with significant potential for future growth. The building's 4,000 square feet of net rentable space provides ample room for operations and potential expansion. This is a rare opportunity to acquire a successful and well-regarded business in a desirable location. The property's features, including the outdoor patio and spacious taproom, contribute to its overall appeal and revenue-generating potential. The property's history and established customer base provide a solid foundation for future success. The sale includes all necessary equipment for immediate operation. This is an exceptional opportunity to own a piece of Decatur's thriving craft beer scene.

• CAP approach

  CAP return

  Valuation

  6%

  $17,870,458

  6.5%

  $16,495,808

  7%

  $15,317,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,365,597

  Geo Method

  $5,365,597

• Alternative Use

  Use

  Valuation

  Residential

  $20,454,802

  Hospitality

  $18,736,488

  Educational

  $15,588,538

  Medical

  $16,124,652

  Retail

  $24,248,838

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8468

Longitude

-88.976

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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