1043 Eldorado St, Decatur, IL 62521-1915
This exceptional Decatur, Illinois office building presents a compelling investment opportunity. Located at 1043-1045 E. Eldorado Street, this single-story, 3,135 square foot property sits on a 0.28-acre lot. Built in 1966, the building features two units and is zoned B-2 Commercial, offering significant flexibility for a variety of uses. The property's address is 1043-1045 E. Eldorado St, Decatur, IL 62521, and its convenient location within Macon County provides easy access to local amenities and transportation routes. The property's 1966 construction date offers potential for renovation and modernization to enhance its value and appeal to prospective tenants. The asking price of $145,000 makes this a highly attractive investment in the thriving Decatur commercial real estate market. The property's size and zoning provide ample opportunity for growth and expansion, making it an ideal choice for both seasoned investors and those seeking to enter the market. The property's APN is 04-12-14-208-004. This is a rare chance to acquire a well-situated, versatile commercial property in a desirable location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILDecatur. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.