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    2891 N Water St Decatur, IL 62526

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    For Lease
    $15 SF/Yr ($2,105 /Mo)

    Two-tenant retail building in Decatur, Illinois available for lease.

    Property size:
    1,630 SF
    Lot size:
    0.88 Acres

    Property Features for 2891 N Water St

    General Information

    Size
    1,630 SF
    Lot size
    0.88 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent AJ Thoma III

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Retail Building For Lease

    This freestanding two-tenant retail building, originally constructed in 1970, is available for lease in Decatur, Illinois. The property is zoned B2 – Commercial, accommodating a wide variety of commercial businesses. Suite A is configured as an open retail area with an office, restroom, and back storage/break room. A full basement, accessible via stairs, provides additional inventory storage space and is not included in the square footage calculation. The property offers a total size of 1630 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Well Being Therapeutic ... Spa BloNoSmoke Vaporizer Store

    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
    -88.955432
    Latitude
    39.8746157

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    FAQs

    What type of property is this?
    Retail space - Two-tenant retail building in Decatur, Illinois available for lease.
    Where is this retail space located?
    The property is located at 2891 N Water St Decatur, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - B2 Commercial Zoning allowing for a wide variety of commercial businesses.; - Freestanding 2-Tenant Retail Building.; - Suite A features an open retail area, office, restroom, and storage/break room.
    (217) 520-3299
    Request Owner's contact information
    2891 N Water St 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
    2891 N Water St Decatur, IL 62526
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