Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    248 Park St Decatur, IL 62523

    • Office buildings
    • 0.04 lot acres
    For Sale
    View listing
    $695,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-4078165
    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

    • Office buildings

    Property Details for 248 Park St

    Lot size
    0.04 lot acres
    Zone code
    MUNICIPAL
    Property type
    Office buildings
    APN
    04-12-14-151-013
    APU
    41214151013

    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
    -88.9535
    Latitude
    39.8432
    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
    $5,508
    $2,755
    $52,584
    $55,339
    -
    $8,266
    $157,768
    $166,034

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      350 Water St

      OFFICE BUILDING • 1.40 Acres
      350 Water St, Decatur, IL 62523-1106
      View Details
    • Value Estimation by Request
      0.14 Acres

      253 Park St

      OFFICE BUILDING • 0.14 Acres
      253 Park St, Decatur, IL 62523-6049
      View Details
    • Value Estimation by Request
      0.20 Acres

      205 Main St

      OFFICE BUILDING • 0.20 Acres
      205 Main St, Decatur, IL 62523
      View Details
    • Value Estimation by Request
      0.08 Acres

      702 Wood St

      OFFICE BUILDING • 0.08 Acres
      702 Wood St, Decatur, IL 62523-1155
      View Details
    • Value Estimation by Request
      0.31 Acres

      1171 Water St

      OFFICE BUILDING • 0.31 Acres
      1171 Water St, Decatur, IL 62523-1024
      View Details
    • Value Estimation by Request
      0.05 Acres

      744 Water St

      OFFICE BUILDING • 0.05 Acres
      744 Water St, Decatur, IL 62523-1017
      View Details

    Similar Nearby for Sale

    • $695,000
      11,884 SF

      Downtown Decatur Retail Portfolio

      Prime Decatur location, 11,884 SF, 7 units
      248 Park St, Decatur, IL 62523
      View Details
    • $675,000
      11,884 SF

      248 N Park St, Decatur, IL

      Mixed-use properties • 11,884 SF
      248 N Park St, Decatur, IL 62523
      View Details
    • $695,000
      0.62 Acres

      Decatur Commercial Land - $695K

      Prime corner lot, high traffic, 0.62 acres.
      450 Main St, Decatur, IL 62523
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Decatur Office Space For Rent

      3,000 square foot office space available for lease.
      148 E Main St, Decatur, IL 62523
      View Details
    • $1,200 /Mo
      1,007 SF

      Executive Office Space For Rent

      Turn-key executive office suite with furniture included and utilities.
      158 W Prairie Ave, Decatur, IL 62523
      View Details
    • $1,500 /Mo
      1,300 SF

      Downtown Decatur Redevelopment Opportunity

      Redevelopment opportunity in downtown Decatur. Build-to-suit, 1,300 square feet.
      132-190 W Wood St, Decatur, IL 62523
      View Details
    • $1,950 /Mo
      2,627 SF

      Downtown Decatur Furnished Office Space

      Professional office space in Downtown Decatur, fully furnished.
      135 W Main St, Decatur, IL 62523
      View Details
    • $2,750 /Mo
      2,255 SF

      Decatur Office Space For Rent

      2255 square foot office space available for rent.
      101 S Main St, Decatur, IL 62523
      View Details
    • Contact for pricing
      4,275 SF

      Decatur Office Space Available

      Office space available for rent in Decatur, Illinois.
      214 N Franklin St, Decatur, IL 62523
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    248 Park St
    Decatur, IL 62523
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.