$1 Auction - REIT Sale | Former KFC | 19K VPD 1310 E Pershing Rd Local commercial 295 m² À vendre Decatur, IL 62526 86 297 € (292,47 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 1310 E Pershing Rd, Decatur, IL 62526 (the “Property”). Formerly occupied by KFC, the Property is offered significantly below replacement cost, presenting an exceptional opportunity for owner-users or investors to acquire a highly visible and strategically located asset at a substantial discount. FIRST BID MEETS RESERVE!
Built in 2001, the Property consists of a single-story, free-standing retail building totaling ±3,176 square feet, situated on a ±0.9-acre parcel (±39,216 SF). The site includes 38 surface parking spaces and features dual frontage with multiple ingress/egress points and ±120 feet of frontage along East Pershing Road (IL-48 / IL-121)—one of Decatur’s primary commercial corridors—with an average daily traffic count of ±19,250 vehicles per day (VPD). The Property offers excellent accessibility via multiple dedicated curb cuts and is conveniently located near I-72/US-51, which sees an additional ±13,000 VPD, providing seamless regional connectivity. The building’s existing infrastructure makes it an ideal candidate for restaurant reuse, retail repositioning, or redevelopment for QSR or other commercial uses. Previously leased on a triple net (NNN) basis, the Property presents a compelling value-add opportunity to re-lease the space at market rents (CoStar estimated retail rents: $14-17/SF NNN). Zoned M-1, Intense Commercial/Light Industrial, the Property offers flexible zoning that accommodates a broad range of retail, service, and commercial uses.
Decatur is located in Macon County, Illinois, and serves as a key economic and commercial hub in Central Illinois, offering strong market fundamentals for retailers, service providers, and QSR operators alike. The site is just minutes from downtown Decatur and is surrounded by a diverse mix of national and regional retailers, including ALDI, Kroger, AutoZone, Target, Dollar General, along with a variety of restaurants/QSRs, auto service shops, and neighborhood retailers that drive consistent consumer activity throughout the corridor. Additionally, the Property is located near corporate demand drivers and located less than 1-mi from Caterpillar Decatur’s plant which employees 2,000+ employees at the facility. East Pershing Road serves as a critical east–west thoroughfare, offering seamless connectivity to I-72 and US-51, both located ±1-mi from the Property, enhancing accessibility for commuters, residents, and businesses. The Property is also located near several key educational demand drivers and is within a 10-min drive of both Millikin University (±1,800 students) and Richland Community College (±2,200 students), which contribute to steady consumer traffic in the area. The surrounding trade area is home to more than ±70,000 residents within a 5-mi radius, with an average household income exceeding ±$75,000, providing a strong consumer base to support retail and service-oriented businesses.