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    1929 N Water St Decatur, IL 62526

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    For Lease
    Contact for pricing

    Retail or office space with high visibility and ample parking.

    Property size:
    4,141 SF
    Lot size:
    0.72 Acres

    Property Features for 1929 N Water St

    General Information

    Size
    4,141 SF
    Lot size
    0.72 Acres

    Source: Legacy Commercial Property Agent Legacy Commercial Property

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

    Overview

    Decatur Retail Space Available

    Commercial real estate is available at 1935 N. Water St in Decatur, IL. This retail or office space has visibility on the SW corner of Water St & E Garfield Ave, with up to 4033 square feet available for lease. The 7,000 square foot building is located near the heart of the Decatur business district. The property includes on-site parking with over 40 spaces and offers landmark recognition and signage. This property is suitable to grow a business' footprint on the SW corner of Water St & E Garfield Ave.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lacey's Place Bar

    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
    -88.9551278
    Latitude
    39.8616899

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    FAQs

    What type of property is this?
    Retail space - Retail or office space with high visibility and ample parking.
    Where is this retail space located?
    The property is located at 1929 N Water St Decatur, IL.
    What are key features of this property?
    This property features: - High Visibility Location: SW corner of Water St & E Garfield Ave; - Ample Parking: Over 40 on-site spaces; - Significant Square Footage Available: Up to 4033 SF for lease
    (847) 904-9200
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    1929 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
    1929 N Water St Decatur, IL 62526
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