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    143 S Water St Decatur, IL 62523

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    For Lease
    $16 SF/Yr ($4,016 /Mo)

    Commercial office space available for lease in downtown Decatur.

    Property size:
    3,012 SF
    Lot size:
    0.07 Acres

    Property Features for 143 S Water St

    General Information

    Size
    3,012 SF
    Lot size
    0.07 Acres

    Source: Main Place Real Estate Agent Zane Peterson

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

    Overview

    Downtown Decatur Commercial Office Space

    Available for lease is a commercial office space located in downtown Decatur. The property features 3,012 square feet of space on the main floor, along with a partially finished basement. The configuration includes a reception area, an open office area, executive offices, and a conference room. Parking is available to the west of the building. The property is suitable for commercial office use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Macon County Title ... Title Company Chiligiris Andrew P Lawyer Whitmer Robert Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9546549
    Latitude
    39.8421155

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    FAQs

    What type of property is this?
    Office space - Commercial office space available for lease in downtown Decatur.
    Where is this office space located?
    The property is located at 143 S Water St Decatur, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Decatur Location; - 3,012 sq ft Main Floor Office Space; - Includes Partially Finished Basement
    (217) 454-8800
    Request Owner's contact information
    143 S Water St Decatur, IL 62523
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    Decatur, IL 62523
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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
    143 S Water St Decatur, IL 62523
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