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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Super regional malls
2912 Martin Luther King Jr Dr Decatur, IL 62526-2428
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-4059564
Property summary
AI-generated overview
This established Decatur, IL Indian restaurant is for sale. Located at 2912 N Martin Luther King Jr Dr, this turnkey operation boasts 5,655 square feet of rentable space within a 106,286 square foot lot. The property features ample parking, a vibrant interior with traditional decor, a cozy waiting area, and a small bar. The fully-equipped kitchen includes a robust ventilation system and ample storage. Currently generating $40,000-$45,000 in monthly revenue with a staff of 11, including the chef. All inventory, furniture, fixtures, and equipment are included. The prime location in a bustling commercial area offers excellent visibility and accessibility, with potential for future expansion or additional services. Video gaming machines are being added to increase revenue. The asking price is $80,000. The owner is also offering a neighboring Indian grocery store for sale. This presents a unique opportunity for synergistic business ownership.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Lot
2.44 ac (106,286 SF)
Zoning code
MUNICIPAL
APN
04-12-02-126-001
UPID
US28-4059564
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
Current use
Occupant on record · Public records
-
Rasoi Indian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Jps Plaza INC · 5 yrs held
Jps Plaza INC
since 2021
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
MUNICIPAL · Decatur, IL
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$700,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (May 28 2021)
Last sale anchor
$650k
May 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,921
Tax year 2023
Assessed value
$270,496
Assessed 2023
Previous assessed
$246,514
+9.7% YoY
Effective rate
9.95%
On assessed value
Assessed land
$150,410
Assessed improvement
$120,086
Land market value
$451,275
Improvement market value
$360,294
Total market value
$811,569
Applied tax rate
4,055.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Lot
2.44 ac (106,286 SF)
Zoning code
MUNICIPAL
APN
04-12-02-126-001
UPID
US28-4059564
Jurisdiction
MACON
Zoning & alternative use
MUNICIPAL · Decatur, ILZoning MUNICIPAL · permitted uses
MUNICIPAL · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance PDF
Building & site characteristics
From public records
Lot
2.44 ac
Current owner
From public records · entity-resolved
Jps Plaza INC
Entity
Mailing address
1050 GREENBRIER DR, FORSYTH, IL 62535-8972
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$650,000
Jps Plaza INC
Swartz Management Corp
Warranty Deed
$520,000 · Town & Country Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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