Prime Retail Corner - Decatur, IL
Prime Retail Corner
Prime Corner Location 531' and 345' Frontage
Signalized Intersection, 33,450 VPD
Approximately 2.16 Acres: Building has been Razed - Ready to Build
2019 Tax Bill $25,256.40
Excellent Access; Seven Curb Cuts
3010 North Martin Luther King Jr. Drive Decatur, IL 62526
Down Payment $1,300,000 (100%)
Parcel Size 2.16 Acres
Marcus & Millichap is pleased to present a prime retail corner that is positioned for redevelopment in Decatur, Illinois. The approximately 2.16 acre development site is located at the signalized intersection of Pershing Road (20,700 vehicles per day) and Martin Luther King Drive (10,750 vehicles per day). The location is north of East Pershing Road with frontage of 531 feet and east of Martin Luther King Jr Drive with frontage of 345 feet. The corner is among the busiest in the city. Nearby businesses include Aldi, First Mid Bank & Trust, Dairy Queen, UPS, Auto Zone, Garden Family Restaurant, Taco Bell, Popeye's, Dollar General, Big Lots, multiple car dealerships, and more. This site is two blocks southwest of the Brentwood Village Shopping Center, a Kroger anchored strip mall with 20 plus stores including TJ Maxx, Supercuts, Play it Again Sports, H&R Block, and Planet Fitness.
Decatur is the largest city and the county seat of Macon County in Illinois, with a population of 76,122 as of the 2010 census. The city was founded in 1829 and is situated along the Sangamon River and Lake Decatur in central Illinois. Decatur's estimated population for 2019 was 70,746. Decatur is the 13th most populous city in Illinois and the state's sixth-most populous city outside the Chicago metropolitan area.
The city is home to private Millikin University and public Richland Community College. Decatur has an economy based on industrial and agricultural commodity processing and production, including the North American headquarters of agricultural conglomerate Archer Daniels Midland, international agribusiness Tate & Lyle's largest corn-processing plant, and the designing and manufacturing facilities for Caterpillar Incorporated's wheel-tractor scrapers, compactors, large wheel loaders, mining class motor grader, off-highway trucks, and large mining trucks.