Property profile

101 Main St Decatur, IL 62523

OFF-MARKET
Showrooms
Property ID
US28-4593747
0.04 ac lot
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,255 square foot commercial space, located at 101 S. Main Street, Suite 101, Decatur, Illinois 62523 (APN 04-12-15-284-011), presents a fantastic leasing opportunity. Previously operating as a full-service restaurant, this single-tenant space offers versatile potential for various uses, including food service, retail, or office space. The property boasts a desirable ground floor location within a premier Decatur professional building. A key feature is the inclusion of the Brickyard patio, ideal for extending operations during warmer months. This adds significant value and potential for outdoor seating or additional business activities. The space is ready for immediate occupancy and offers a unique chance to establish a thriving business in a high-traffic area of Decatur. Interested parties should inquire for lease terms and conditions. The property's convenient location and versatile layout make it an attractive option for a wide range of businesses seeking a prominent presence in the heart of Decatur. This is a rare opportunity to secure a well-situated commercial space with added outdoor space.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 0.04 ac (1,672 SF)
Zoning code MUNICIPAL
APN 04-12-15-280-009
UPID US28-4593747

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Employment Agency
  • Real Estate Agency
  • Real Estate Agency
  • Insurance Agency

Location

101 Main St Decatur, IL 62523-1206
Decatur metro Census 3100 DECATUR, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2006
2 recorded transactions
2006
Price N/A
2005
$175,000

Zoning & alternative use

MUNICIPAL · Decatur, IL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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