1501 N Water St - Office FOR SALE


Decatur, IL 62526
$250,000 USD
217-352-7712
1501 N Water St, Decatur, IL for Sale
$250,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

1501 N Water St
Decatur, IL 62526


OVERVIEW

The subject property is currently set up for both medical and/or office space. The building was originally constructed in 1978 and had the roof replaced in 2025. The HVAC systems are also new in 2026. The building has a partial basement that is roughly 1,421 SF with a clear height of 8'. The building has three separate entrances and could be subdivided if desired. The building consists of five private offices, four exam rooms, three large open rooms, one large open area, one large kitchen area, storage room, six separate restrooms, and three separate lobby/reception areas. Area Description The subject property is centrally located in Decatur and on a main arterial road, which has around 10,900 vehicles per day. Decatur’s major employers in the area are ADM, Decatur Memorial Hospital, Caterpillar, Decatur Public Schools and Millikin University.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,985 SF

ZONING

B-1

APN/PARCEL ID

04-12-10-278-031

ASK ABOUT THIS PROPERTY

Zach WetherellColdwell Banker Commercial Devonshire RealtyMore Info
217-352-7712

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Zach WetherellColdwell Banker Commercial Devonshire RealtyMore Info
217-352-7712

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.