4005 Logan St Decatur, IL 62526
- Manufacturing properties
- 0.27 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 4005 Logan St
- Lot size
- 0.27 lot acres
- Zone code
- M-1
- Property type
- Manufacturing properties
- APN
- 04-13-08-102-006
- APU
- 41308102006
Description
This Decatur, Illinois industrial property, located at 4005 E. Logan St., offers 8,085 square feet of manufacturing space in a Class B building constructed in 1980. The property sits on a 0.27-acre lot (APN 04-13-08-102-006) and is zoned M-1. The asking price is $280,000, translating to $34.63 per square foot. Features include one overhead door easily accommodating semi-trucks, a sizable open floor plan ideal for manufacturing or warehousing, an office, and a loft/storage area. The property benefits from its proximity to ADM and convenient access to IL Route 48 and Interstate 72. This well-maintained building presents a fantastic opportunity for businesses seeking to establish or expand their operations in a strategic industrial location. The previous owner operated a machine shop here for over two decades. This quiet, off-road location is surrounded by other industrial businesses. The property is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $325,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $400,000
- Mixed-Use
- $385,000
- Hospitality
- $310,000
- Educational
- $415,000
- Residential Income
- $395,000
- Energy
- $325,000
- Income-Based Land
- $400,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.8956
- Latitude
- 39.8618
- CBSA code
- 19500
- CBSA name
- DECATUR, IL METROPOLITAN STATISTICAL AREA
