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    Property profile & analytics

    1280 Pershing Rd Decatur, IL 62526-4729

    • Turn key restaurants
    • 1.01 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US28-3919481
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1280 Pershing Rd

    Year built
    2002
    Lot size
    1.01 lot acres
    Zone code
    MUNICIPAL
    Property type
    Turn key restaurants
    APN
    07-07-35-479-002
    APU
    70735479002

    Description

    This exceptional 4,714-square-foot restaurant space, located at 1280 E Pershing Rd in Decatur, Illinois, presents a fantastic opportunity for a new culinary venture. Built in 2002, the property sits on a 1.01-acre lot (APN: 07-07035-479-002) and is zoned for municipal use. Previously occupied by an IHOP, the building offers a fully equipped commercial kitchen, ample seating for diners, and excellent visibility thanks to prominent building signage. The spacious layout is ideal for a variety of restaurant concepts. Its convenient location near US 72 and Route 48 ensures high traffic and accessibility for customers. The property is currently vacant, providing immediate occupancy for a new tenant. This turnkey operation offers a significant advantage for restaurateurs seeking a well-established space with all the necessary infrastructure in place. The property's size and location make it an attractive investment for those looking to establish a thriving business in a vibrant community. The ample parking available further enhances the property's appeal to potential customers. This is a rare opportunity to acquire a well-positioned restaurant space in a desirable Decatur location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $355,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $375,000
      Retail
      $370,000
      Mixed-Use
      $435,000
      Hospitality
      $405,000
      Educational
      $395,000
      Residential Income
      $360,000
      Energy
      $390,000
      Income-Based Land
      $455,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.94
    Latitude
    39.8777
    CBSA code
    19500
    CBSA name
    DECATUR, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,342
    $76,721
    $174,873
    $251,594
    -
    $230,186
    $524,671
    $754,857

    Comparable in this City

    • Value Estimation
      $255,000
      0.92 Acres

      1590 Pershing Rd

      RESTAURANT • 0.92 Acres
      1590 Pershing Rd, Decatur, IL 62526-2808
      View Details
    • Value Estimation
      $310,000
      0.33 Acres

      2779 Water St

      RESTAURANT • 0.33 Acres
      2779 Water St, Decatur, IL 62526-4231
      View Details
    • Value Estimation
      $300,000
      0.41 Acres

      2900 Water St

      RESTAURANT • 0.41 Acres
      2900 Water St, Decatur, IL 62526
      View Details
    • Value Estimation by Request
      0.54 Acres

      1880 Brush College Rd

      RESTAURANT • 0.54 Acres
      1880 Brush College Rd, Decatur, IL 62526-5633
      View Details
    • Value Estimation
      $265,000
      1.04 Acres

      2998 22nd St

      RESTAURANT • 1.04 Acres
      2998 22nd St, Decatur, IL 62526-2151
      View Details
    • Value Estimation
      $180,000
      2.80 Acres

      2880 Oakland Ave

      RESTAURANT • 2.80 Acres
      2880 Oakland Ave, Decatur, IL 62526-1527
      View Details

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    Similar Nearby for Lease

    • $3,100 /Mo
      2,025 SF

      Restaurant with Drive-Thru Available

      Freestanding restaurant with drive-thru on a busy street.
      2779 N Water St, Decatur, IL 62526
      View Details
    • $8 SF/Yr
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      View Details
    • $15 SF/Yr
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    • $1,500 /Mo
      1,500 SF

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      Highly visible retail space in Decatur's popular shopping plaza.
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    • $8 SF/Yr
      7,200 SF

      Retail Space Available For Lease

      7,200 SF retail space available for lease.
      1355-1377 E Street Rd N, Decatur, IL 62526
      View Details
    • $1,867 /Mo
      800 SF

      Retail Space for Rent

      800 SF retail space available for rent.
      2828 N Main St, Decatur, IL 62526
      View Details
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    1280 Pershing Rd
    Decatur, IL 62526-4729
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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