1280 Pershing Rd, Decatur, IL 62526-4729
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.
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.