1202 20Th St, Decatur, IL 62521
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.