1627 E Eldorado St Decatur, IL 62521
For Lease
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This exceptional retail space, located at 1627 E. Eldorado Street in Decatur, IL, presents a unique investment opportunity. The property, built in 2013, sits on a 0.55-acre lot and boasts a single-story, 1,700 square foot building. Previously utilized as a restaurant and gaming cafe, the space is ideally suited for food service businesses due to its existing infrastructure and restrooms. However, its versatile design allows for adaptation to a variety of retail or entertainment uses. The property benefits from ample parking and enjoys a highly desirable corner location on a high-traffic corridor (US RT 36), experiencing over 15,000 vehicles per day, ensuring excellent visibility and accessibility. This prime location offers significant advantages, with close proximity to major employers such as Premient, CAT, and ADM, guaranteeing a substantial customer base. The property also benefits from co-tenancy with a high-volume Subway, further enhancing its appeal. The sublandlord is open to negotiation. This turnkey space is ready for immediate occupancy and customization to meet your specific business needs. The property's APN is 04-12-13-108-001, located in Macon County.
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.