163 N Water St - Storefront FOR SALE


Decatur, IL 62523
$545,000 USD
217-433-0839
163 N Water St, Decatur, IL for Sale
$545,000 USD
Storefront - FOR SALE
1/7
null | 8.53% Cap Rate

163 N Water St
Decatur, IL 62523


HIGHLIGHTS

  • Heart of Downtown Decatur
  • Heavy Foottraffic
  • 100% Occupancy

OVERVIEW

Positioned on one of the most prominent corners in downtown Decatur, 155 N Water Street is a fully leased commercial property offering exceptional visibility and long-term value. The building has seen significant capital improvements, including a brand-new roof and HVAC system installed in 2023, ensuring modern infrastructure and operational efficiency. Over the past five years, three interior buildouts have been completed, reflecting ongoing investment and the property’s adaptability to a range of professional and retail tenants. This turnkey asset stands at the center of downtown activity, surrounded by restaurants, offices, and public institutions, making it one of the most desirable corners in the city’s urban core. With 100% occupancy and a proven history of maintenance and upgrades, 155 N Water Street presents an outstanding opportunity for investors seeking stable income in a high-visibility, walkable location.

FOR SALE DETAILS

PRICE

$545,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

8.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Decatur, IL - Storefront Units

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Municipal

APN/PARCEL ID

04-12-15-282-016

ASK ABOUT THIS PROPERTY

Cole BabcockVieweg Real Estate/BHGRE Service FirstMore Info
217-433-0839

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Cole BabcockVieweg Real Estate/BHGRE Service FirstMore Info
217-433-0839

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