1420 Pershing Rd Decatur, IL 62526
- Commercial real estate
- 0.77 lot acres
Current Use by Public Records
- Bitcoin Depot | Bitcoin ATM / Atm
- U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
- Bitcoin Depot - Bitcoin ATM / Atm / Crypto Atm
Property Details for 1420 Pershing Rd
- Year built
- 2002
- Lot size
- 0.77 lot acres
- Zone code
- MUNICIPAL
- Property type
- Commercial real estate
- APN
- 07-07-35-480-017
- APU
- 70735480017
Description
This exceptional 1,250-square-foot gas station presents a lucrative investment opportunity. Located on a 0.76-acre lot, this Class B property boasts a single-story building constructed in 1989 and extensively renovated in 2020. The property is currently 100% occupied by a single tenant, ensuring a stable income stream. Ample parking is available with 20 spaces provided for customers and employees. The property features no elevators, typical for a single-story retail building of this type. The building's size is ideal for a thriving gas station operation, offering sufficient space for fuel pumps, a convenience store, and other potential amenities. The 2020 renovation likely included upgrades to enhance efficiency and aesthetics, contributing to the property's strong financial performance. This turnkey operation is ready for a new owner to step in and continue its success. The 0.76-acre lot provides ample space for potential expansion or future development, adding further value to this already profitable investment. This is a rare opportunity to acquire a well-established and high-performing gas station with a proven track record. The property's strong financials and prime location make it an attractive investment for discerning buyers seeking a stable and profitable asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $420,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $395,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $535,000
- Mixed-Use
- $475,000
- Hospitality
- $415,000
- Educational
- $405,000
- Residential Income
- $435,000
- Energy
- $470,000
- Income-Based Land
- $435,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.938
- Latitude
- 39.8776
- CBSA code
- 19500
- CBSA name
- DECATUR, IL METROPOLITAN STATISTICAL AREA