Search
Brick Office Building with Basement
For Sale
Contact for pricing

2602 N Morgan St, Decatur, IL 62526

M-1-zoned office property with multiple private rooms, shared workspace, and on-site parking.

Property SizeContact for details
Days on Market607

Property Features for 2602 N Morgan St

General Information

Standard status Active
Property subtype Office
Zoning M-1

Additional Details

Office Units 1

Building Details

Year Built 1971
Buildings 1
Construction brick
Listing Agency: Main Place Real Estate
Listed By: Zane Peterson · License #471020044
Source: Crexi
Added: Feb 19, 2025 Changed: Oct 13 Last Checked: Oct 16 at 8:34AM

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 Main Place Real Estate

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 2,670-square-foot office property at 2602 N Morgan St includes six private offices, an open work area with reception space, a break room, and two restrooms. A full basement provides additional usable space and includes a third restroom. The building has brick construction and parking on the property, with an adjoining yard positioned west of the building.

M-1 zoning allows an ample amount of permitted business uses. The property was formerly occupied for office and laboratory operations by Cargill. Laboratory equipment remains in place on an as-is basis or may be removed before occupancy, providing flexibility for the next user.

Key Highlights

  • 2,670‑square‑foot brick office building at 2602 N Morgan St, Decatur, IL 62526
  • Six offices plus open office and reception area
  • Full basement with an additional restroom

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Law Firm Grocery & Convenience Store Electrical Service

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

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

969
Businesses Nearby

Demographics for 62526, IL

31,758
Population
16,425
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
66.0 sq mi
ZIP Area
481
Density / Sq Mi
$48,222
Median Household Income
$39,048
Median Earnings
$785
Median Rent
$91,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - M-1-zoned office property with multiple private rooms, shared workspace, and on-site parking.
Where is this office building located?
The property is located at 2602 N Morgan St Decatur, IL.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: 2,670‑square‑foot brick office building at 2602 N Morgan St, Decatur, IL 62526; Six offices plus open office and reception area; Full basement with an additional restroom
(217) 454-8800 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again