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    Property profile & analytics

    1627 Eldorado St Decatur, IL 62521-2039

    • Drive through restaurants
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Dec 29, 2021
    $450,000
    Location Intelligence
    Property ID
    US28-4206649
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1627 Eldorado St

    Lot size
    0.55 lot acres
    Zone code
    MUNICIPAL
    Property type
    Drive through restaurants
    APN
    04-12-13-108-001
    APU
    41213108001

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $465,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $500,000
      Mixed-Use
      $495,000
      Hospitality
      $515,000
      Educational
      $440,000
      Residential Income
      $475,000
      Energy
      $480,000
      Income-Based Land
      $395,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9349
    Latitude
    39.846
    CBSA code
    19500
    CBSA name
    DECATUR, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,104
    $9,223
    $182,731
    $191,954
    -
    $27,672
    $548,248
    $575,920

    Comparable in this City

    • Value Estimation
      $400,000
      1.72 Acres

      1925 Mt Zion Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.72 Acres
      1925 Mt Zion Rd, Decatur, IL 62521-9718
      View Details
    • Value Estimation
      $715,000
      0.58 Acres

      230 1st Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.58 Acres
      230 1st Dr, Decatur, IL 62521-5206
      View Details
    • Value Estimation
      $620,000
      0.66 Acres

      1099 Eldorado St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.66 Acres
      1099 Eldorado St, Decatur, IL 62521-1915
      View Details
    • Value Estimation
      $75,000
      0.40 Acres

      973 Eldorado St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.40 Acres
      973 Eldorado St, Decatur, IL 62521-1913
      View Details
    • Value Estimation
      $390,000
      0.88 Acres

      1991 Mt Zion Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.88 Acres
      1991 Mt Zion Rd, Decatur, IL 62521-9718
      View Details
    • Value Estimation
      $625,000
      5,544 SF

      1909 Mt Zion Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,544 SF
      1909 Mt Zion Rd, Decatur, IL 62521-9718
      View Details

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    Similar Nearby for Lease

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      Retail/Restaurant Space on High-Traffic Corridor

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    • $20 SF/Yr
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      Modern retail space with customizable floor plans and ample parking.
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    • Contact for pricing
      65,340 SF

      Decatur Commercial Brick Building

      Centrally located 14,000 SF building on 1.5 acres.
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    Decatur, IL 62521-2039
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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