1043 Eldorado StDecatur, IL 62521

Property Details for 1043 Eldorado St

Lot size

0.28 AC

Zone code

MUNICIPAL

Property type

Office properties

Property subtype

Office buildings

APN

04-12-14-208-004

APU

41214208004

Description

This exceptional Decatur, Illinois office building presents a compelling investment opportunity. Located at 1043-1045 E. Eldorado Street, this single-story, 3,135 square foot property sits on a 0.28-acre lot. Built in 1966, the building features two units and is zoned B-2 Commercial, offering significant flexibility for a variety of uses. The property's address is 1043-1045 E. Eldorado St, Decatur, IL 62521, and its convenient location within Macon County provides easy access to local amenities and transportation routes. The property's 1966 construction date offers potential for renovation and modernization to enhance its value and appeal to prospective tenants. The asking price of $145,000 makes this a highly attractive investment in the thriving Decatur commercial real estate market. The property's size and zoning provide ample opportunity for growth and expansion, making it an ideal choice for both seasoned investors and those seeking to enter the market. The property's APN is 04-12-14-208-004. This is a rare chance to acquire a well-situated, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,157,330

  6.5%

  $2,914,459

  7%

  $2,706,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $947,994

  Geo Method

  $947,994

• Alternative Use

  Use

  Valuation

  Residential

  $3,613,929

  Hospitality

  $3,310,340

  Educational

  $2,754,164

  Medical

  $2,848,884

  Retail

  $4,284,254

Location Insight

City

Decatur

County

Macon

State

Illinois

Latitude

39.8458

Longitude

-88.9426

CBSA code

19500

CBSA name

DECATUR, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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