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Financial
Distress signals
Property profile

1423 E Mound Rd Decatur, IL 62526

FOR SALE
Bars & Pubs
Property ID
US28-4888803
0.69 ac lot
Last sale Aug 2018 · $205,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of two retail buildings along E Mound Rd in Decatur with a combined gross area of 11,856 square feet: at 1423–1427 E Mound Rd, a 6,000-square-foot strip center configured for multiple commercial uses within B-3 zoning, and at 1411 E Mound Rd, a 5,856-square-foot standalone building within B-1 zoning that was previously operated as a Subway restaurant and is therefore suited for retail and restaurant occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$57k
Assessed land$22k
Assessed improvement$34k
Effective rate10.07%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$79k
Vacancy & credit loss−$2k
Operating expenses−$23k
NOI · 8.29% cap applied$54k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
8.29%
$54k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MUNICIPAL
JurisdictionMACON

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.0
Tailor Shop9.0
Plumbing Service8.9

Location

1423 E Mound Rd Decatur, IL 62526
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2999 Monroe, Decatur, IL 62526-3265 $50,000 Dec 2025 No data
1336 Oakland, Decatur, IL 62526-3737 $36,000 Dec 2025 No data
2235 Mound, Decatur, IL 62526-9367 $345,000 Sep 2025 No data
2800 Water, Decatur, IL 62526-4258 $400,000 Sep 2025 No data
1385 Pershing, Decatur, IL 62526-4730 $170,000 Aug 2025 No data
1525 21st, Decatur, IL 62526-5101 $25,000 Jul 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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