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_ ' , � • �A <br /> REAL ESTATE SALES - MORTGAGE LOANS - INSURANCE �52 E. MAiIV - P. O. Box 14$5 <br /> ��, x DECATUR, ILLINOIS 62525 <br /> _ � c, <br /> � r� I �=�� 1 P+�one (?l i? 428-3451 <br /> � __- �?� �i.�1`LJ_L_ _ _� '.__. <br /> ,_:. -'- - >;_ —_ <br /> ___ ' 7 <br /> ��� REALTOR <br /> January 10, 1979 <br /> Attorney Richard P. Rising <br /> c/o Archer Daniels Midland Company <br /> P. 0. Box 4�1470 <br /> Decatur, Illinois 62525 <br /> Re: Proposed Street Vacation <br /> E. Division Street West of New Samuels Street <br /> Decatur, Illinois <br /> Dear Mr. Rising: <br /> Pursuant to your request of October 26, 1978, Verne E. Roby and I have <br /> inspected East Division Street East of New Samuels Street East to o1d <br /> vacated Samuels Street. The purpose of the inspection was to estimate <br /> the value of the proposed vacation that would accrue to the recipient <br /> of the vacation. <br /> As per the attached plat of the proposed vacation we find a rough <br /> gravel road being 40' wide and 975.5' long or 38,300 sq. ft. or approx- <br /> imately .88 acres. We find the zoning in the area to be M-2, Heavy <br /> Industrial. We note telephone and electric poles on the South side of <br /> the street. The city advises us under the street is 12' water main and <br /> a 10' sewer and this tends to limit the use of the land. <br /> Data in file indicates raw industrial land on N. Brush College Road and <br /> Faries Parkway has sold from $.22 to $.34 per sq. ft. Industrial land <br /> in the various Industrial Parks all developed with a11 utilities, sur- <br /> faced street, etc, ranged from $.45 to $.64 per sq. ft. It is our <br /> opinion land similar to subject would be in the $.50 per sq. ft. area if <br /> it were not for the limiting improvements and shape of the subject. We <br /> feel the lands usefulr�ess is impaired resulting in an adjustment to a <br /> value of $.20 to $.25 per sq.. ft. <br />