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    2950 N Water St, Unit 130 Decatur, IL 62526

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Decatur, IL

    Lot size:
    1.67 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 8 at 6:06 pm

    Property Features for 2950 N Water St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    APN
    04-12-02-101-003
    Parking
    20
    Lot size
    1.67 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Concrete, Carpet
    Building materials
    Aluminum Siding, Block

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Jerry George

    Listing date Jan 7, 2026

    Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Decatur Retail/Office/Medical Space Available

    This multi-tenant strip center is located on a busy north-south thoroughfare in Decatur, Illinois. It is suitable for office, retail, medical, or restaurant use. Spaces may be renovated to suit tenant needs. The property benefits from high traffic volume and available signage. Ample parking and ground-level access are available. The property is located in Decatur, IL 62526. The lot size is 1.67 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baby Face HD ... Medical Diagnostic Imaging Center Raymond James Financial Planner Diane Sullivan - State ... Auto Insurance Agency Jeff Burtis - State ... Insurance Agency Medical Staffing Network Employment Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.953981
    Latitude
    39.87583

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant strip center with renovation options and ample parking.
    Where is this strip mall located?
    The property is located at 2950 N Water St, Unit 130 Decatur, IL.
    What are key features of this property?
    This property features: - High-traffic location on a busy north-south thoroughfare.; - Multi-tenant building suitable for office, retail, medical, or restaurant use.; - Spaces can be renovated to suit tenant needs.
    (217) 638-1360
    Request Owner's contact information
    2950 N Water St, Unit 130 Decatur, IL 62526
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    Decatur, IL 62526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2950 N Water St, Unit 130 Decatur, IL 62526
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