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    Property profile & analytics
    OFF-MARKET
    Retail space

    1202 Wood St, Decatur, IL 62521

    0.24 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-4193872
    Property summary
    AI-generated overview

    This exceptional commercial property located at 1202 E Wood St, Decatur, IL 62521, offers 2,100 square feet of adaptable space. Situated in Macon County, Illinois, this high-traffic corner building provides unparalleled visibility and accessibility for businesses seeking a prominent presence. The property is classified as both Traditional and Creative Office space, suitable for a variety of commercial uses including retail and restaurant operations. Currently, one space is available for lease. The open shell space allows for complete customization, enabling tenants to design a layout perfectly suited to their operational needs. This prime location ensures maximum exposure, attracting significant foot traffic and enhancing brand recognition. The property's strategic placement within a developing area presents a unique opportunity to become part of a revitalized commercial district. The building's multiple tenancy structure offers a dynamic and collaborative environment. This is an ideal opportunity for businesses seeking a flexible, high-visibility space in a thriving community.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Lot 0.24 ac (10,454 SF)
    Zoning code MUNICIPAL
    APN 04-12-14-284-012
    UPID US28-4193872
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Divergent Holdings LLC · 1 yrs held
    Divergent Holdings LLC
    since 2024
    Last sale
    $33,000
    1 recorded transaction
    2024
    $33,000
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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