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,�,• <br /> . ��o�,g �'r(J�v`a,'�►o cti, <br /> � � � � .p,.P�'cusa-� � I �' <br /> . . G�,-�^--(�°..�-�b c� <br /> COMPARABLE LAND SALES #1 <br /> Address: 1605-45 E. Pershing Road <br /> Sale Date: January 1993 Price: $450, 000\ <br /> Brief Legal: Lots 1 and 2, Werich's Subdivision and part <br /> NW1/4 of the NW 1/4 of Section 1 T16N R2E, Decatur Twp. <br /> Grantor: Pershing Mobile Home Sales Grantee: Beasley <br /> Book & Page: 2464/280 <br /> Zoning: M-1 Light Industrial <br /> Dimensions: Frontage of 362 ' x 275.28 ' and 521.8 ' x <br /> 211.72 ' rear for a total of 210, 127 S.F. or 4.82 acres. � <br /> Eff. Price per S.F. : $1.83 Price per Acre: $79,876 � <br /> Comments: Improvement of 1,270 S.F. metal building <br /> estimated to add $65,000 to property or effective cost of <br /> , land of $385, 000. <br /> COMPARABLE LAND 8ALE8 #2 <br /> Address: 4003 N. Prospect Drive <br /> Sale Date: July 1992 Price: $550, 000 <br /> Brief Legal: Lot 8 in Wal-Mart's First Addition <br /> Grantor: Wal-Mart Stores Grantee: Sedd Realty <br /> Book & Page: 2434/562 <br /> Zoning: B-3 , Planned Shopping Center <br /> Dimensions: Irregular, 236' of frontage on Prospect, 170' <br /> of frontage on M.L.K. Drive for a total of 225„ 64- S.F. <br /> or 5. 15 acres <br /> Eff. Price per S.F. : $1.91 Price per Acre: $83 , 012 <br /> Comments: Site located between Wal-Mart and Sam's Club <br /> being developed with 39,435 S.F. shopping center. <br /> Transaction included a front 120, 000 S.F. asphalt surfaced <br /> 315 space parking lot. Assuming parking lot contributes a <br /> minimum of $1 per S.F. or $120,000 effective price of land <br /> would be lowered to $430, 000 <br /> COMPARABLE LAND SALES #3 <br /> Address: 1555 E. Pershing Road <br /> Sale Date: February 1992 Price: <br /> Brief Legal: Part Section 1-T16N-R2E, Decatur, Twp. <br /> Grantor: Wagner Grantee: Carpenter <br /> Book & Page: 2410/954 <br /> Zoning: M-1, Light Industrial <br /> Dimensions: 214 .45 ' x 303.72avg: 65, 132 S.F. or 1. 5 acre <br /> Eff. Price per S.F. : $1.25 Price per Acre: $54, 074 <br /> Comments: B Improved with two buildings having a total of <br /> 3,936 S.F. and making estimated contribution of $30, 000 to <br /> the property value. Effective cost of land of $81, 111. <br /> COMPARABLE LAND SALES # 4 <br /> Address: 42 N. Prospect Avenue <br /> Sale Date: March 1992 Price: <br /> Brief Legal: Lot 3 of Wal-Mart's First Addition <br /> Page 7 <br /> 1 <br />