1331 Eldorado St Decatur, IL 62521
This 2,234 square foot industrial/mixed-use property, located at 1331 E Eldorado St, Decatur, IL 62521 (APN: 12-14-231-003), presents a compelling redevelopment opportunity. Built in 1959, this single-story, Class C building sits on a 12,008 square foot lot and is zoned for commercial use. Previously a four-bay car wash, the existing infrastructure, including plumbing, drainage, and utilities, remains functional, offering a solid foundation for various projects. The property's prime location on Eldorado Street, a major Decatur commercial corridor, ensures high visibility and significant traffic volume, ideal for attracting customers. Potential uses are diverse, ranging from restoring the car wash to establishing a new automotive service or developing a completely different commercial venture. The asking price is $149,000. This unique property offers significant potential for investors seeking a high-traffic location and adaptable space in a thriving commercial area. The property's existing infrastructure minimizes initial investment costs, making it an attractive proposition for a wide range of commercial endeavors.
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, ILCosts & 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.