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Two-Tenant Shopping Center
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1021 N Water St, Decatur, IL 62523

Single-story retail center fully occupied by CSL Plasma and the State of Illinois Department of Health and Human Services.

Property SizeContact for details
Days on Market129

Property Features for 1021 N Water St

General Information

Standard status Active
Property subtype Retail
Listing Agency: The Saia Group
Listed By: Tammy Saia · License #IL 476.378298
Source: Crexi
Added: Apr 24 Changed: Aug 30 Last Checked: Aug 30 at 8:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Saia Group

Investment Insights

Based on property information with market context.

The property includes a 21,294-square-foot, single-story shopping center on a 1.24-acre parcel, along with a separate 0.39-acre parking parcel. CSL Plasma and the State of Illinois Department of Health and Human Services occupy the building, which is reported as 100% leased. CSL Plasma has operated at the site since 1996 and completed tenant improvements, while the state agency began occupancy in late 2022 with a new buildout. Its lease carries a firm five-year term without a kick-out clause. Additional billboard income is associated with the property.

Located at 1021 N Water St in Decatur, the center has frontage along North Water Street and exposure to reported traffic of 11,835 vehicles per day. Within a 5-mile radius, the 2023 population is approximately 75,985 and average household income is approximately $63,648. Decatur serves as the county seat of Macon County and has industrial and agricultural processing employment.

Key Highlights

  • 21,294‑square‑foot single‑story shopping center on a 1.24‑acre parcel
  • Separate surplus parking lot on a 0.39‑acre parcel
  • 100% occupied by CSL Plasma and the State of Illinois Department of Health and Human Services

Property Analytics

Current Use

CSL Plasma Medical Clinic

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Bakery Computer & Electronic Repair Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

565
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Circle K Shops & Services
12,904 visits/mo 0.4 miles
Shell Shops & Services
6,517 visits/mo 0.3 miles
Family Dollar Shops & Services
5,221 visits/mo 0.3 miles
Firestone Complete Auto Care Shops & Services
1,528 visits/mo 0.5 miles
Safelite AutoGlass Shops & Services
534 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Single-story retail center fully occupied by CSL Plasma and the State of Illinois Department of Health and Human Services.
Where is this shopping center located?
The property is located at 1021 N Water St Decatur, IL.
What are key features of this property?
This property features: 21,294‑square‑foot single‑story shopping center on a 1.24‑acre parcel; Separate surplus parking lot on a 0.39‑acre parcel; 100% occupied by CSL Plasma and the State of Illinois Department of Health and Human Services
More about this property
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