1218 20th St Decatur, IL 62521-1551
This Decatur, Illinois, industrial property, located at 1218 N 20th St, offers a unique investment opportunity. Priced at $149,000, this 1,800 square foot, Class B building sits on a 6,200 square foot lot (APN 12-12-329-006). Built in 1959, the single-story structure features one 12-foot high ceiling and a single overhead drive-in door, ideal for automotive use. The interior includes ample space for working on multiple vehicles simultaneously, complemented by a small office/kitchenette area and a full bathroom. The sale includes all existing tools, such as a motor lift, pallet jack, car dolly, and compressor. This owner-user investment is perfect for expanding a small business or establishing a hobby garage. The property is client-owned and zoned as mixed-use, offering flexibility for various commercial applications. This is a rare opportunity to acquire a well-equipped, ready-to-use commercial space in a desirable location. The property's convenient location in Macon County, Illinois, provides easy access to major transportation routes and local amenities. The single-unit building presents a straightforward and manageable investment. Don't miss this chance to own a versatile commercial property in a thriving community.
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.