Medical and Office
1501 N Water St. Decatur, IL 62526
1501 N Water St., Decatur, IL, 62526
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For Lease
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Updated 1978 building offers flexible medical and office layout with new roof and HVAC.
Days on Market14
Property Features for 1501 N Water St.
General Information
- Standard status
- Active
- Property subtype
- Office
Building Details
- Year Built
- 1978
Spaces For Lease
at 1501 N Water St. Contact us
Listing agency
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed by
Zach Wetherell · License #IL
Source
Crexi
Added: Jul 8 Updated: Jul 21 at 6:09AM Checked: Jul 21 at 6:09AM
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 Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
The property is currently set up for both medical and/or office space in a building originally constructed in 1978. Roof replacement was completed in 2025, and the HVAC systems were replaced in 2026. The building includes a partial basement of approximately 1,421 square feet with a clear height of 8 feet.
The layout supports flexible use, with three separate entrances and the option to subdivide if desired. Interior improvements include five private offices, four exam rooms, multiple large open rooms and open areas, a large kitchen area, a storage room, six separate restrooms, and three separate lobby/reception areas.
Centrally located in Decatur on a main arterial road with approximately 10,900 vehicles per day, the property is near major employers including ADM, Decatur Memorial Hospital, Caterpillar, Decatur Public Schools, and Millikin University.
The layout supports flexible use, with three separate entrances and the option to subdivide if desired. Interior improvements include five private offices, four exam rooms, multiple large open rooms and open areas, a large kitchen area, a storage room, six separate restrooms, and three separate lobby/reception areas.
Centrally located in Decatur on a main arterial road with approximately 10,900 vehicles per day, the property is near major employers including ADM, Decatur Memorial Hospital, Caterpillar, Decatur Public Schools, and Millikin University.
Key Highlights
- 1978 building currently set up for medical and/or office space with flexible interior layout
- Roof replaced in 2025; HVAC systems replaced in 2026
- Partial basement provides ~1,421 SF with 8' clear height
Property Analytics
Location Intelligence
Current Use by Public Records
Wabash Memorial Hospital ...
Charitable Organization
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FAQs
What type of property is this?
Medical Office Space - Updated 1978 building offers flexible medical and office layout with new roof and HVAC.
Where is this medical office space located?
The property is located at 1501 N Water St. Decatur, IL.
What are key features of this property?
This property features: 1978 building currently set up for medical and/or office space with flexible interior layout; Roof replaced in 2025; HVAC systems replaced in 2026; Partial basement provides ~1,421 SF with 8' clear height
