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    420 1st Dr Decatur, IL 62521-5294

    • Drug stores
    • 1.22 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Location Intelligence
    Property ID
    US28-4630446
    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

    • Walgreens Photo / Photo Shop / Passport Photo Processor
    • Redbox / Movie Rental Kiosk / Dvd Store
    • FedEx OnSite / Mailing Service
    • Walgreens / Drug Store / Beauty Supply Store
    • Walgreens Pharmacy / Pharmacy

    Property Details for 420 1st Dr

    Lot size
    1.22 lot acres
    Zone code
    MUNICIPAL
    Property type
    Drug stores
    APN
    04-12-22-427-005
    APU
    41222427005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $580,000
      6.5%
      $560,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $525,000
      Mixed-Use
      $520,000
      Hospitality
      $605,000
      Educational
      $555,000
      Residential Income
      $615,000
      Energy
      $565,000
      Income-Based Land
      $610,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9583
    Latitude
    39.8222
    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
    $58,478
    $46,950
    $540,625
    $587,575
    -
    $140,864
    $1,622,037
    $1,762,901

    Comparable in this City

    • Value Estimation
      $3,370,000
      14,894 SF

      4995 Us Rte 36

      DRUG STORE, PHARMACY • 14,894 SF
      4995 Us Rte 36, Decatur, IL 62521-9701
      View Details
    • Value Estimation
      $350,000
      5.69 Acres

      1595 Cantrell St

      DRUG STORE, PHARMACY • 5.69 Acres
      1595 Cantrell St, Decatur, IL 62521-3515
      View Details
    • Value Estimation by Request
      0.92 Acres

      636 Imboden Dr

      SHOW ROOM, WAREHOUSE • 0.92 Acres
      636 Imboden Dr, Decatur, IL 62521-9067
      View Details
    • Value Estimation by Request
      0.11 Acres

      270 Jasper St

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      270 Jasper St, Decatur, IL 62521-1928
      View Details
    • Value Estimation by Request
      0.07 Acres

      380 Marion St

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      380 Marion St, Decatur, IL 62521-3345
      View Details
    • Value Estimation by Request
      0.50 Acres

      906 Wood St

      RETAIL STORES (PERSONAL SERVICES) • 0.50 Acres
      906 Wood St, Decatur, IL 62521-2718
      View Details

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    Similar Nearby for Lease

    • $20 SF/Yr
      4,858 SF

      Retail Space in Decatur, IL

      Modern retail space with customizable floor plans and ample parking.
      4405 E Us Route 36, Decatur, IL 62521
      View Details
    • $1,975 /Mo
      1,000 SF

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      Retail space available for lease, 1000 square feet.
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      View Details
    • Contact for pricing
      65,340 SF

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      Centrally located 14,000 SF building on 1.5 acres.
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    • Contact for pricing
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      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with high traffic.
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      View Details
    • $1,950 /Mo
      2,000 SF

      Freestanding Building on Brush College Road

      2,000 SF freestanding building suitable for retail or office.
      511 N Brush College Rd, Decatur, IL 62521
      View Details
    • $5 SF/Yr
      10,825 SF

      Decatur Retail and Warehouse Space

      18,000 SF retail space with warehouse storage.
      2809-2825 N Main St, Decatur, IL 62521
      View Details
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    420 1st Dr
    Decatur, IL 62521-5294
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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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