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. 04/1212000 11:03 217-432-2780 FITZJARRALD & ASSDC. PAGE 02 <br /> Price Per SF: �3.39 <br /> Comments: Former city parking lot with rough asphalt surface located east o�Franklin�, <br /> an the sauth side of Wood Street. <br /> ,.���i. <br /> �. <br /> � ��� <br /> f '!! ' � : :�;�„ �.,.,;; ,,� <br /> s ro�:�, Ifu� � ��.•. .,. �l:�ri`i- '�� a;� i.�� '';!„� ':•: r;f'j <br /> ��' �� �' 9�::� 6 Y;' `���.' .:ca, �� �.l�ii''�r:�i :.t `�j'''�3'� <br /> 1' :�� �i�4; "�'' Vi'(. �:.:! .:. "�','�, ' :I'����� �'� �t 11G <br /> j! r.li'n` '+i Vs"i C.i :i���l . :rif c i:`��:I:il:� ��'"i�'�• <br /> - '1'�'' �;t�;,„ �j'i �;•� � <br /> �. � <br /> Subject Mar-00 ----- B-4 Interior <br /> 3,700 <br /> 1 Apr-pq $ 7,750 B-2 Interior 6,200 $1 25 <br /> 2 Jul-99 $40,004 Iv,[-� Corner 9,800 $4.08 <br /> 3 May-9$ $15,0t?0 M-1 Corner 7,$9$ $1.9p <br /> 4 Mar-�$ $65,000 M-1 Interior �9,200 $3.39 <br /> Land sales rauge in price from �.2S to 4.0$per SF. Genera).ly as the size o e�ract in- <br /> creases, the unrt pnce decr�ases. However, smallex tz�acts may be more difficult to de- <br /> velop. <br /> Sa1e 1 is a xecent transaction o� a slightly larger, moze fiuictianal site �ocated at the <br /> southwest edge of dow�a,town Decatur. Unit p,r�ice would be adjusted ciown. <br /> Sale 2 is a�arger,more funetxo�l comer Iot. Unit pzace would be adju�stetf down. <br /> Sale 3 is aiso a larger,more�iu�ctional corner lot. Unit price would be adjusted down. <br /> Sale 4 is laxger and has been used as a parking lot. Unit price would be adjusted down. <br /> The subject sitc is a lon �arrow strip of land with sanitary sewer limiting its develop- <br /> ment potential. A�ter ana�ysis a��t�ce of$ .80 per SF would be in lime. Applying this: <br /> 3,700 SF x $ .$0 per SF or <br /> Indicated land value [rounded]....................................................$3,000 <br /> ,After analysis, it is my opinion tb.at the estimated vailue of the 12� West North Street a1- <br /> �eyway to be vacated is; I <br /> '�'�rce Thous�nd Do�lars ��, <br /> (53,000} , <br />