Mixed-Use Building with Retail and
New
For Sale
$795,000
228 W MAIN ST, Decatur, IL 62523
MULTI_FAMILY - DECATUR, IL
Property Size15,080 SF
Lot Size0.37 Acres
Price / SF$52.72
Days on Market3
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 4, Bedroom 9, Bathroom 8, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 10, Bedroom 11, Bedroom 2, Bedroom 13, Bedroom 5, Bedroom 12, Bathroom 4, Bathroom 7, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 14, Bathroom 6, Bedroom 8, Bedroom 7
Patio and Porch features
Deck, Porch
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
Building Details
Year built
1920
Floors in Building
3
Flooring type
Carpet, Vinyl, Tile
Building materials
Aluminum
Roof type
Tar/Gravel, Rubber
Listing Agency:
Cove Realty Inc.
(847) 436-3551
Listed By:
Mitchell Cohen · License #471022000
(847) 436-3551
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 12:06PM
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.
This thirteen-unit mixed-use property includes seven upstairs apartments and six street-level retail storefronts. An off-street parking lot is located on the north side of the building, supporting convenient access for tenants and customers.
Most units are individually metered, and landlord responsibilities vary by lease. The property is situated on historic West Main Street in Decatur, IL near Millikin University. Tenants are currently in place, so please do not disturb them.
The building’s configuration supports combined residential and retail use under one roof, with utility metering and lease responsibilities managed unit-by-unit.
Most units are individually metered, and landlord responsibilities vary by lease. The property is situated on historic West Main Street in Decatur, IL near Millikin University. Tenants are currently in place, so please do not disturb them.
The building’s configuration supports combined residential and retail use under one roof, with utility metering and lease responsibilities managed unit-by-unit.
Key Highlights
- 13‑unit mixed‑use property with 7 upstairs apartments and 6 street‑level retail storefronts
- Off‑street parking lot located on the north side of the building
- Most units are individually metered, with landlord responsibilities varying by lease
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,367
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Thirteen-unit mixed-use property with six street-level retail storefronts, seven upstairs apartments, and an off-street parking lot.
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 7 upstairs apartments and 6 street‑level retail storefronts; Off‑street parking lot located on the north side of the building; Most units are individually metered, with landlord responsibilities varying by lease
