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$350,000 -$75,000 (-17.65%) Price Reduced

  • For Sale
  • Active
  • Commercial
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2988 Rainbow Drive, Decatur, GA 30034, is a single-story commercial building located in the Panthersville area. The property is approximately 3,022 square feet and sits on roughly 0.46-0.50 acres, with about 20 parking spaces and approximately 106 feet of frontage along Rainbow Drive. Built in 1974, the building is described as a flexible retail/storefront space with an open interior, office or reception area, bathroom, and drive-through access. The property is zoned for commercial use and has been associated with a dry-cleaning/retail business.

Full Property Details for 2988 Rainbow Dr

General

  • Price: $350,000
  • Taxes: $9,893 (2025)
  • Status: Active
  • Type: Commercial
  • Source: GAMLS_Atlanta
  • MLS ID: 10866629
  • Updated: 10/24/2026
  • Added to Site: 31 day(s) ago

Location

  • County: DeKalb
  • Driving Directions: From I-285, take Exit 48 for GA-155/Candler Road and head south. Turn onto Rainbow Drive and continue to 2988 Rainbow Drive.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Utility Description: None

Structural Information

  • Construction Status: Fixer
  • Square Feet: 3,022
  • Sq. Ft. Source: Public Records
  • Year Built: 1974

Lot Features

  • Lot Size (Acres): 0.46
  • Lot Size Range: .46
  • Lot Size Source: Public Records
  • Lot Description: Near Public Transit

Financial Considerations

  • Tax Amount: $9,893
  • Tax Year: 2025

Listing Courtesy of: Market South Properties Inc.

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Listing agent

— 2988 Rainbow Dr —

  • Market South Properties Inc.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2988 Rainbow Dr

School District:Dekalb County School District
NameGradesDistance
Flat Shoals Elementary School, Decatur, GA
3226 Flat Shoals Road, Decatur, GA 30034
PK-51 mi
Mcnair Middle School, Decatur, GA
2190 Wallingford Drive, Decatur, GA 30032
6-81.8 mi
Mcnair High School
1804 Bouldercrest Road, Atlanta, GA 30316
9-123.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2988 Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/21/2026
Price Reduced
$350,000
-17.65%
MLS
9/24/2026
Listed
$425,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2988 Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,457
15%
$226,960
16%
2024
$9,071
-13%
$196,000
-14%
2023
$10,390
424%
$226,960
467%
2022
$1,981
—
$40,000
—
2021
$1,981
—
$40,000
—
2020
$1,981
—
$40,000
—
2019
$1,981
—
$40,000
—
2017
$1,989
—
$40,000
—
2016
$1,993
4%
$40,000
—
2014
$1,910
—
$40,000
8%
2014
$1,910
-52%
$37,200
-7%
2013
$3,998
—
$40,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2988 Rainbow Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listing Courtesy of: Market South Properties Inc.

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2988 Rainbow Drive, Decatur, GA 30034 (MLS# 10866629) is a Commercial property. 2988 Rainbow Drive is currently listed for $350,000 and was received on September 24, 2026. Want to learn more about 2988 Rainbow Drive? Do you have questions about finding other Commercial real estate for sale in Decatur? You can browse all Decatur real estate or contact a Coldwell Banker agent to request more information.

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