2215 Oakland Ave Decatur, IL 62526-3172
Property profile & analytics
2215 Oakland Ave Decatur, IL 62526-3172
- Gas stations
- 0.91 lot acres
Property ID
US28-4206165
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.
Location Intelligence
Current Use by Public Records
- Gas stations
Property Details for 2215 Oakland Ave
- Lot size
- 0.91 lot acres
- Zone code
- MUNICIPAL
- Property type
- Gas stations
- APN
- 04-12-04-429-020
- APU
- 41204429020
Description
This exceptional 1.5-acre commercial property at 2215 N Oakland Ave, Decatur, IL (62526), presents a significant redevelopment opportunity. The site boasts two buildings totaling 4,200 net rentable square feet, including a 3,000 square foot former gas station and a 1,500 square foot tunnel car wash, built in 1990 and renovated in 2015. Currently vacant, this property offers high visibility on a major commercial corridor with excellent road frontage, ensuring maximum exposure to the estimated 20,000 vehicles passing daily. Ample on-site parking caters to customer and staff convenience. The adaptable interior layout allows for customization to suit various commercial needs. The property is zoned B-2 and sits on a 1.5-acre lot. This prime location offers strong market potential, situated near thriving businesses and key amenities, including restaurants, shopping centers, and residential areas. The asking price is $349,000, with a pro-forma NOI of $70,000 and a pro-forma cap rate of 20.06%. The property is ground leased and is being sold by the owner. Parcel numbers are 04-12-04-429-020 & 04-12-04-429-021. This is an ideal location for a convenience store, QSR, or shopping center redevelopment. Don't miss this chance to secure this strategic location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.9734
- Latitude
- 39.8663
- 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
$19,361
$56,649
$137,886
$194,535
-
$169,964
$413,699
$583,663
