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Property profile & analytics
OFF-MARKET
Commercial land

450 Pershing Rd Decatur, IL 62526-2432

0.72 ac lot
Entity Owned Free & Clear
Property ID
US28-0695434
Property summary
AI-generated overview

This exceptional 0.73-acre commercial land parcel presents a unique investment opportunity in Decatur, Illinois. Located at the intersection of East Pershing Road and North Martin Luther King Drive, this property boasts unparalleled visibility and accessibility, situated in a high-traffic area anchored by a newly constructed Aldi store (built in 2018). The property's strategic location is further enhanced by its proximity to a variety of established national retailers, including Kroger, Dunkin’ Donuts, Circle K, Culver’s, and McDonald's, ensuring consistent foot traffic and strong brand recognition. The parcel is identified by APN 07-07-35-351-007 and is offered at an asking price of $650,000. This prime location offers significant potential for a variety of commercial developments, making it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving retail environment. The property's size and location make it suitable for a range of commercial uses, capitalizing on the existing synergy of successful businesses in the immediate vicinity. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a strong retail corridor.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.72 ac (31,363 SF)
Zoning code MUNICIPAL
APN 07-07-35-351-016
UPID US28-0695434
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
Rnl 2025b Owner LLC
Rnl 2025b Owner LLC
since 2025
Last sale
$1.5M
2 recorded transactions
2025
$1.5M
2023
$635,000
Zoning & alternative use
MUNICIPAL · Decatur, IL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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