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<br /> MARKET ANALYSIS
<br /> In the market approach, sales of similar properties are
<br /> , normally checked and their characteristics compared to the
<br /> subject property, making adjustments for such items as
<br /> location, size of land, improvements, utilities, age,
<br />� condition, date of sale, leases and yields.
<br /> The following sales data used in this consideration were
<br /> re orted to the Multi le Li tin r i
<br /> I p p s g Se vi ce Office, or were
<br /> taken from our Office Data Bank.
<br /> March 1988, 2950 North Jasper, Decatur, $162,000.00, 200'
<br /> x 292 ' lot, one story block-brick office buildin $810.00
<br /> 9,
<br /> er fr n
<br /> p o t foot or $2.27 per square foot.
<br /> March 1988, 1980 North Oakland, Decatur, $14, 500.00, 40' x
<br /> 141 ' lot, concrete block building, $362. 50 per front foot,
<br /> $2. 57 per square foot.
<br /> January 1988, 2325 East Logan, Decatur, $39, 500.00, 107. 5 ' x ',
<br /> 200' lot, industrial buildin , $367.44 er front foot $1. 84 '
<br /> 9 P ,
<br /> per square foot. ',
<br /> February 1988, 2145 East Pershing Road, $24,000.00, 120. 61 ' x '
<br /> 147 ' triangle, Derby Motors Auto Sales, $198.99 per front II
<br /> foot, $2.71 per square foot. i
<br /> December 1987, 1200 Block North Water Street, $65000.00, 110'
<br /> . x 177. 5 ' , vacant, $591.00 per front foot, $3.33 per square
<br /> foot.
<br /> December 1987, 300 Block West lst Drive, $23, 000.00, 24, 154
<br /> square feet, City of Decatur to "Trust" , parking lot, $. 95
<br /> per square foot.
<br /> December 1987, East Eldorado Street, $5, 000.00, 14,357 square
<br /> feet, railroad right-of-way to Speed Lube, $.3478 per square
<br /> foot.
<br /> March 1987, McKinley Avenue, $1, 000.00, 5, 445 square feet,
<br /> Millikin National Bank to City of Decatur, approximately 18
<br /> cents per square foot.
<br /> Lot 13, J.N. Bill ' s Addition, Sold July 1981 for $14, 000.00,
<br /> 30, 021 square feet, containing a 20 ' x 24 ' metal building,
<br /> sale also included 15, 410 square feet and another tract of
<br /> land containing 1, 194 square feet, making .308 cents per
<br /> square foot, land and improvements.
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