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    OFF-MARKET
    Turn key restaurants

    1280 Pershing Rd, Decatur, IL 62526-4729

    1.01 ac lot Built 2002
    Entity Owned Free & Clear
    Property ID
    US28-3919481
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2002
    Lot 1.01 ac (43,996 SF)
    Zoning code MUNICIPAL
    APN 07-07-35-479-002
    UPID US28-3919481
    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
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    Owner & transaction history
    Best Wash Real Estate Holdings I
    Best Wash Real Estate Holdings I
    since 2025
    3 recorded transactions
    2025
    $200,000
    2014
    2007
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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