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All-Brick Office Building
For Sale
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1524 N Water St, Decatur, IL 62526

All-brick building with office space and kitchenette on the main floor, plus a second-floor apartment and private rear parking.

Lot Size0.75 Acres
Days on Market111

Property Features for 1524 N Water St

General Information

Standard status Active
Lot size 0.75 Acres
Property subtype Retail, Office, Mixed Use, Land, Business for Sale

Site & Location

Traffic Count 12,000 vehicles/day
Road Access Yes

Building Details

Stories 2
Construction brick
Listing Agency: Vieweg Real Estate
Listed By: Cole Babcock · License #IL
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Jul 23 at 4:27AM

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 Vieweg Real Estate

Investment Insights

Based on property information with market context.

This all-brick building was previously used as an insurance office. The main floor includes office space and a kitchenette. A second floor apartment is also present.

The property is located on Route 51 and offers over 250 feet of road frontage on a high-traffic road with 12,000+/- vehicles per day. Private concrete parking is located behind the building.

Set on approximately 3/4 acre, the site provides room to support a range of possibilities, including value-add or redevelopment, based on your plans.

Key Highlights

  • All‑brick building formerly served as an insurance office
  • Over 250 ft of road frontage on Route 51 with 12,000+/- vehicles per day
  • 3/4‑acre lot with office space and a kitchenette on the main floor

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Storage Facility Carpet & Flooring Store Bakery (Bike/Boat/Book/etc) Store

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

12,000 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

860
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

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
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Frequently Asked Questions

What type of property is this?
Office units - All-brick building with office space and kitchenette on the main floor, plus a second-floor apartment and private rear parking.
Where is this office units located?
The property is located at 1524 N Water St Decatur, IL.
What are key features of this property?
This property features: All‑brick building formerly served as an insurance office; Over 250 ft of road frontage on Route 51 with 12,000+/- vehicles per day; 3/4‑acre lot with office space and a kitchenette on the main floor
(217) 433-0839 Call to check price and availability
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