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    2779 N Water St Decatur, IL 62526

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    For Lease
    $3,100 /Mo ($18 SF/Yr)

    Freestanding restaurant with drive-thru on a busy street.

    Property size:
    2,025 SF
    Lot size:
    0.33 Acres

    Property Features for 2779 N Water St

    General Information

    Size
    2,025 SF
    Lot size
    0.33 Acres

    Source: Main Place Real Estate Agent Zane Peterson

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

    Overview

    Restaurant with Drive-Thru Available

    This freestanding restaurant property, available for lease, features a drive-thru configuration. The property is located on a busy street, specifically N Water Street (US RT 51). The kitchen infrastructure includes a walk-in cooler, sinks, and a 10-foot range hood. The location offers great visibility and high traffic, with over 11,500 vehicles per day. The property, previously a donut shop, is suitable for another food service concept. The property size is 2025 square feet. The lease structure is NNN.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    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
    -88.9553088
    Latitude
    39.8729876

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    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding restaurant with drive-thru on a busy street.
    Where is this drive through restaurant located?
    The property is located at 2779 N Water St Decatur, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Free-standing restaurant with drive-thru; - High traffic location with over 11,500 vehicles per day (VPD); - Existing kitchen infrastructure including walk-in cooler, sinks, and 10-foot range hood
    (217) 454-8800
    Request Owner's contact information
    2779 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
    2779 N Water St Decatur, IL 62526
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