Graceland Executive Suites

2480 N Graceland, Decatur, IL 62526

  • For Sale $850,000
  • Property Type Multi-Family
  • Property Size 8,874 SF
  • Units 12
  • Year Built 1974
  • Year Renovated 2017
  • Date Updated Apr 18, 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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Contacts

broker
Zane Peterson

Main Place Properties

Location

Getting Around

  • Walk Score ®

    50/100 Car-Dependent

  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Wendy's

    0.73 miles

  • McDonald's

    0.75 miles

  • Culver's

    0.75 miles

  • Papa John's

    0.76 miles

  • Dunkin'

    0.81 miles

  • Bob Evans

    0.83 miles

  • DQ Grill & Chill

    1.03 miles

  • Taco Bell

    1.04 miles

  • Popeyes

    1.07 miles

  • IHOP

    1.46 miles

  • Saint Thomas School

    0.37 miles

  • Saint Teresa High School

    0.61 miles

  • William Harris Elementary School

    0.96 miles

  • Progress School

    1.10 miles

  • Benjamin Franklin Elementary School

    1.17 miles

  • Parsons Elementary School

    1.22 miles

  • MacArthur High School

    1.35 miles

  • Durfee Elementary School

    1.60 miles

  • Oak Grove Elementary School

    1.62 miles

  • Stephen Decatur High School

    1.67 miles

  • Baby Talk

    3.00 miles

  • Kids-N-Fitness

    3.08 miles

  • Decatur Daycare

    3.41 miles

Frequently Asked Questions

How much does Graceland Executive Suites cost?

The space currently listed for sale at Graceland Executive Suites asks for $850,000.

What is the total square footage of Graceland Executive Suites?

Graceland Executive Suites totals 8,874 square feet.

When was this property built?

Graceland Executive Suites was built in 1974.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Zane Peterson

Main Place Properties

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