Graceland Executive Suites

For Sale

2480 N Graceland, Decatur, IL 62526

This Decatur property for sale is located at 2480 N Graceland. The current listed sale price for Graceland Executive Suites is $850,000.

Contacts

broker
Zane Peterson

Main Place Properties

Property Details

  • Property Type Multi-Family
  • Property Size 8,874 SF
  • Units 12
  • Year Built 1974
  • Year Renovated 2017
  • Date Updated Apr 17, 2025
Decatur, IL near Memorial HospitalGreat opportunity to invest in a low-rise multifamily property footsteps away from the Memorial Hospital campus. Graceland Executive Rentals is an all brick 12-unit property. It is currently operated with a mix of term rentals and fully furnished short-term corporate rentals (STR VRBO AirBNB). Per unit rents range from $1,000 to $2,200 per month. Property totals over 8,800 square feet with separately metered units. Numerous interior and exterior updates have been completed within the last 5 years including new roof and replacement windows. Private off-street parking. Currently self-managed by passive owner. Contact brokers for rent rolls and financial proformas.
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Getting around

  • 50/100

    Walk Score ®

  • 39/100

    Bike Score ®

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Location

  • City Decatur, IL
  • Neighborhood French Quarters
  • Zip Code 62526

Points of Interest

  • Marathon;Circle K

    0.45 miles

  • Kroger

    0.79 miles

  • County Market Express

    1.56 miles

  • Mobil

    1.68 miles

  • Huck's Food & Fuel

    2.72 miles

  • Corner Gas Station

    3.13 miles

  • Circle K

    3.31 miles

  • Casey's General Store

    3.32 miles

  • Shell

    3.39 miles

  • Lot M1

    1.71 miles

  • Lot M2

    1.80 miles

  • Lot M4

    1.80 miles

  • Lot M3

    1.82 miles

  • Lot M7

    1.88 miles

  • Lot M8

    1.99 miles

  • Lot M11

    2.00 miles

  • Lot M9

    2.06 miles

  • Lot M5

    2.08 miles

  • Lot M10

    2.11 miles

  • Decatur Inn

    0.79 miles

  • Sandy's Motel

    1.74 miles

  • INTOWN MOTEL

    1.99 miles

  • Soy City Motel

    2.32 miles

  • Baymont Decatur

    2.92 miles

  • Country Inn & Suites

    3.00 miles

  • Holiday Inn Express

    3.03 miles

  • Ramada Limited

    3.09 miles

  • Hampton

    3.22 miles

  • Fairfield Inn

    3.25 miles

  • Kroger

    0.88 miles

  • Target

    1.49 miles

  • County Market

    1.60 miles

  • Walmart Supercenter

    2.24 miles

  • Save-A-Lot

    2.71 miles

  • Kohl's

    3.30 miles

  • Hickory Point Mall

    3.38 miles

  • Von Maur

    3.39 miles

  • ALDI

    5.82 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Zane Peterson

Main Place Properties

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