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    Property profile & analytics
    OFF-MARKET Estimated value $2,305,000
    Banks

    333 Pershing Rd, Decatur, IL 62526-2489

    1.9 ac lot
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-3601029
    Property summary
    AI-generated overview

    This exceptional office space, located at 333 E Pershing, offers a fantastic opportunity for businesses seeking a highly visible location. Situated within the Northtown Center professional building, this property boasts easy access to the heavily trafficked East Pershing Road (IL Route 121 & 48), experiencing over 17,300 vehicles per day. The available space is situated on the ground floor, offering excellent street visibility and accessibility. Currently configured as office space, the layout is adaptable and could easily accommodate retail use, providing flexibility for a variety of businesses. The space totals approximately 3,609 square feet of vacant space, divisible into units as small as 3,500 square feet and with a maximum contiguous space of 8,000 square feet. The building itself is a two-story structure built in 1975, situated on a 1.9-acre lot. While there are no elevators, the ground floor location mitigates this. The property is zoned COM and has an APN of 04-12-02-101-005. The building features a strong tenant mix, including Regions Bank and other established businesses. This is a gross lease structure, meaning the landlord covers all taxes, insurance, and common area maintenance, simplifying budgeting and management for the tenant. This is an ideal location for a business seeking a prominent presence in a thriving area with excellent visibility and convenient access.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Lot 1.9 ac (82,764 SF)
    Zoning code MUNICIPAL
    APN 04-12-02-101-005
    UPID US28-3601029
    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
    • Regions Mortgage Loan Service Bank
    • Regions Bank Bank Loan Service
    • Mutual Trust Insurance Agency Insurance Agency
    • Western Union Bank Credit Union
    • ATM (Regions Bank) Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.34M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.31M
    Owner & transaction history
    333 E Pershing Rd LLC · 3 yrs held
    333 E Pershing Rd LLC
    since 2022
    Last sale
    $2.3M
    3 recorded transactions
    2022
    $2.3M
    2006
    2005
    $445,000
    Zoning & alternative use
    MUNICIPAL · Decatur, IL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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