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    1174 Locust St Decatur, IL 62521

    • Retail space
    • 0.12 lot acres
    For Sale
    View listing
    $88,888
    Value Estimation
    Last Sale
    Dec 07, 2020
    $30,000
    Location Intelligence
    Property ID
    US28-4279721
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1174 Locust St

    Lot size
    0.12 lot acres
    Zone code
    MUNICIPAL
    Property type
    Retail space
    APN
    04-12-11-258-019
    APU
    41211258019

    Description

    This 2,450-square-foot executive office building at 1174 E. Locust St., Decatur, IL, is available for $88,888. Located on a 0.12-acre lot in Macon County (APN 04-12-11-258-019), this Class C property boasts a prime corner location offering excellent street visibility. Built in 1919, the single-story building features a brand-new roof and flashing, preserving its original design while incorporating modern updates. The property includes two drive-in doors, one of which is an overhead door, providing convenient access. Currently vacant, this B-1 zoned property presents a unique opportunity for a variety of businesses. The asking price is $36.28 per square foot. This historic building offers ample space and a prominent location in a thriving Decatur commercial district. The property's rich history and strategic location make it an attractive investment opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.941
    Latitude
    39.8564
    CBSA code
    19500
    CBSA name
    DECATUR, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $577
    $2,166
    $3,632
    $5,798
    -
    $6,499
    $10,897
    $17,396

    Comparable in this City

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      380 Marion St

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      906 Wood St

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      $50,000
      1.03 Acres

      3620 William St Rd

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      1835 Franklin St Rd

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      1835 Franklin St Rd, Decatur, IL 62521-5230
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    • Value Estimation
      $95,000
      0.32 Acres

      1050 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.32 Acres
      1050 Main St, Decatur, IL 62521-1030
      View Details

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    1174 Locust St
    Decatur, IL 62521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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