Mixed-Use Property with
For Sale
$795,000
228 W MAIN ST, Decatur, IL 62523
Residential Income, DECATUR, IL
Property Size15,080 SF
Lot Size0.37 Acres
Price / SF$52.72
Days on Market49
Property Features for 228 W MAIN ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
14
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 14, Bathroom 2, Bedroom 12, Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 11, Bedroom 3, Bedroom 7, Bedroom 4, Bathroom 8, Bedroom 6, Bedroom 9, Bedroom 1, Bedroom 10, Bedroom 8, Bedroom 13, Bedroom 5, Bathroom 1, Bathroom 5
Patio and Porch features
Porch, Deck
Standard status
Active
APN
12-15-279-013
Size
15,080 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10585
Utilities
Heating system
Natural Gas, Forced Air
Amenities
off-street parking
Building Details
Year built
1920
Floors in Building
3
Flooring type
Carpet, Vinyl, Tile
Building materials
Aluminum
Roof type
Rubber, Tar/Gravel
Listing Agency:
Cove Realty Inc.
(847) 436-3551
Listed By:
Mitchell Cohen · License #471022000
(847) 381-4753
Added: Jul 28
Changed: Sep 12
Last Checked: Sep 14 at 6:06AM
MLS# 11905745
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 15,080-square-foot mixed-use property includes 13 units arranged as seven apartments above six retail storefronts. The property occupies 0.37 acres and includes an off-street parking lot. Building materials include aluminum, with vinyl, carpet, and tile flooring throughout the improvements. Heating is provided by natural gas and forced air, while roof systems include tar/gravel and rubber components.
The property is located at 228 W Main St in Decatur, Illinois, near Millikin University. Most units are individually metered, and landlord responsibilities differ by lease. Exterior features include a deck and porch, adding to the building’s existing residential and commercial configuration.
The property is located at 228 W Main St in Decatur, Illinois, near Millikin University. Most units are individually metered, and landlord responsibilities differ by lease. Exterior features include a deck and porch, adding to the building’s existing residential and commercial configuration.
Key Highlights
- 13‑unit mixed‑use property with seven apartments and six retail storefronts
- 15,080 square feet on 0.37 acres
- Off‑street parking lot on the north side of the property
Property Analytics
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Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 62523, IL
886
Population
364
Households
2.4
Avg Household Size
40
Median Age
5%
College-Educated
68%
High-School Grad
0.4 sq mi
ZIP Area
2,215
Density / Sq Mi
$333
Median Rent
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Thirteen units combine upper-level apartments with street-facing commercial spaces and off-street parking.
Where is this mixed-use property located?
The property is located at 228 W MAIN ST Decatur, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 13‑unit mixed‑use property with seven apartments and six retail storefronts; 15,080 square feet on 0.37 acres; Off‑street parking lot on the north side of the property
