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    OFF-MARKET
    Flex space

    1202 20Th St, Decatur, IL 62521

    1,440 SF Built 1959
    Property ID
    US28-3966109
    Property summary
    AI-generated overview

    This Decatur, Illinois property presents a unique value-add opportunity. The 1,440 square foot flex space, situated on a 6,200 square foot lot (APN 12-12-329-007), is currently configured as part of an auto body shop. The main building features a small office, breakroom, one bathroom, and a large open garage area. All existing shelving and tools are included in the sale. A secondary, 500 square foot residential building is also located on the property. The property is zoned commercial and boasts a single-story design within two buildings, constructed in 1959, with an 8-foot ceiling height. This Class B property offers significant potential for various commercial or mixed-use applications. The sale excludes any vehicles currently on the premises. This is an exceptional chance to acquire a versatile property in a desirable location, ripe for renovation and repositioning to maximize its potential. The property's location in Macon County, Illinois, at 1202 N 20th St, Decatur, IL 62521, offers convenient access to local amenities and transportation routes.

    Property profile
    Verified
    Property type Flex space
    Year built 1959
    Total area 1,440 SF
    APN 12-12-329-007
    UPID US28-3966109
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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