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Property profile & analytics
OFF-MARKET
Car washes

1331 Eldorado St Decatur, IL 62521

0.28 ac lot
Individually Owned 1-yr Hold Free & Clear
Property ID
US28-3541960
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Lot 0.28 ac (12,008 SF)
Zoning code MUNICIPAL
APN 04-12-14-231-003
UPID US28-3541960
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Emil Abdo · 1 yrs held
Emil Abdo
since 2025
Last sale
$50,000
3 recorded transactions
2025
$50,000
2025
Price N/A
2022
$38,000
Zoning & alternative use
MUNICIPAL · Decatur, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Ordinance PDF
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