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Property profile & analytics
OFF-MARKET
Manufacturing properties
4005 Logan St Decatur, IL 62526
Individually Owned
13-yr Hold
Free & Clear
Property ID
US28-3945924
Property summary
AI-generated overview
This Decatur, Illinois industrial property, located at 4005 E. Logan St., offers 8,085 square feet of manufacturing space in a Class B building constructed in 1980. The property sits on a 0.27-acre lot (APN 04-13-08-102-006) and is zoned M-1. The asking price is $280,000, translating to $34.63 per square foot. Features include one overhead door easily accommodating semi-trucks, a sizable open floor plan ideal for manufacturing or warehousing, an office, and a loft/storage area. The property benefits from its proximity to ADM and convenient access to IL Route 48 and Interstate 72. This well-maintained building presents a fantastic opportunity for businesses seeking to establish or expand their operations in a strategic industrial location. The previous owner operated a machine shop here for over two decades. This quiet, off-road location is surrounded by other industrial businesses. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Lot
0.27 ac (11,700 SF)
Zoning code
M-1
APN
04-13-08-102-006
UPID
US28-3945924
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David W Peters · 13 yrs held
David W Peters
since 2012
1 recorded transaction
Zoning & alternative use
M-1 · Decatur, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,215
Tax year 2023
Assessed value
$38,073
Assessed 2023
Previous assessed
$35,230
+8.1% YoY
Effective rate
8.44%
On assessed value
Assessed land
$2,095
Assessed improvement
$35,978
Land market value
$6,286
Improvement market value
$107,945
Total market value
$114,231
Applied tax rate
4,054.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Lot
0.27 ac (11,700 SF)
Zoning code
M-1
APN
04-13-08-102-006
UPID
US28-3945924
Jurisdiction
MACON
Zoning & alternative use
M-1 · Decatur, IL
Zoning M-1 · permitted uses
M-1 · Decatur, IL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
0.27 ac
Current owner
From public records · entity-resolved
David W Peters
Individual
Free & Clear · 13 yrs held
Mailing address
690 N CV CT, DECATUR, IL 62521-1820
Ownership since
2012
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
Nov 29, 2012
—
David W Peters
Claudia A Peters
Intrafamily Transfer
related
—
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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