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1900 Blk P� Walnut Grove 2 <br /> Decatur, I11 <br /> DEFINITION OF VALUE <br /> Market value is the most probable selling price estimated in terms <br /> of money which a property may bring if exposed for sale in the open <br /> market, by a willing seller, allowing a reasonable time to find a <br /> willing buyer, neither buyer nor seller being under compulsion, both <br /> having a full knowledge of the uses and purposes to which the prop- <br /> erty is adapted and for which it is capable of being used, and both <br /> exercising inteTligent judgment. <br /> ASSESSED VACUATTON APJD TAXES <br /> This property is currently owned by the City of Decatur, thus it <br /> has not been assessed for real estate tax purposes. <br /> ZONING <br /> Zoning lines typically go to the middle of streets and alleys. In <br /> this particular case the north half of this tract is zoned M-1 , <br /> Light Industrial and tfie south half is zoned R-6, Multiple Dwelling. <br /> It is most logical that a purchaser of this prooerty would petition <br /> the City to have the entire tract zoned P1-1. <br /> M-1 regulations uses from lesser categories such as apartments, <br /> offices, and in�ustrial uses which include hauling and storage yards, <br /> light assembly and manufacturing, industrial plants where the <br /> processes used are only minor in the amount of dust, odor, gas , or <br /> smoke. Maximum building height is 10 stories or 125' , setback re- <br /> quirement of 25' , and no minimum side yard. There are no nearby <br /> violations of an adverse nature. <br /> See Zoning Map on Page 3. <br />