932 Eldorado St, Decatur, IL 62522-2162
This exceptional commercial property at 932 West Eldorado St., Decatur, IL 62522, presents a compelling investment opportunity. Priced at $179,000, this property boasts a total of 6,400 square feet situated on a 0.55-acre lot. The building itself offers a versatile layout, combining 2,700 square feet of office space with 3,700 square feet of warehouse space, ideal for a variety of commercial uses. Its prime location near Millikin University and downtown Decatur ensures high visibility and accessibility, benefiting from an average daily traffic count of 12,200 vehicles. The property's strategic position offers easy access to interstate highways, further enhancing its appeal. This is a rare opportunity to acquire a well-positioned commercial property with significant potential for growth and return on investment. The property's size and layout provide flexibility for various business models, making it an attractive option for both established businesses and new ventures. Don't miss this chance to own a piece of Decatur's thriving commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILDecatur. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.