Industrial Flex Office
For Sale
$395,000
1591 N Water Street, Decatur, IL 62526
Versatile industrial flex building with finished office space, warehouse with dock and drive-in doors, and climate-controlled storage.
Property Size9,510 SF
Lot Size0.49 Acres
Price / SF$41.54
Days on Market53
Property Features for 1591 N Water Street
General Information
Standard status
Active
Size
9,510 SF
Total Parking Spaces
15
Lot size
0.49 Acres
Property subtype
Commercial
Zoning
B-2
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
17 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$12,376
Building Details
Year Built
1998
Stories
1
Listing Agency:
Main Place Real Estate
(217) 422-3335
Listed By:
Zane Peterson · License #471020044
Source:
Shelbyrealty
Added: Jul 2
Changed: Aug 23
Last Checked: Aug 22 at 12:46PM
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
Investment Insights
Based on property information with market context.
Industrial flex office/showroom warehouse available for sale or lease, originally constructed in 1998 and built with masonry and steel-frame construction. The property includes approximately 2,330 square feet of finished office space with a reception area, conference room, private office, open work area, break room, and four restrooms. The warehouse features an open layout with 14'-17' clear height, a 9' x 10' dock door with leveler, and a 10' x 12' drive-in overhead door. Mezzanine storage is included, and the warehouse is heated and cooled with RTU. Electrical service is 3-phase, 800-amp.
Set on a 0.49-acre corner lot at the intersection of N Water Street (US Route 51) and Division Street in Decatur, Illinois. The property is described as having dual street access, strong frontage along US Route 51, and approximately 17 on-site parking spaces.
Zoned B-2 Community Commercial, the building is presented as well suited for a range of commercial, office, showroom, warehouse, and light industrial uses and is noted as well maintained and move-in ready.
Set on a 0.49-acre corner lot at the intersection of N Water Street (US Route 51) and Division Street in Decatur, Illinois. The property is described as having dual street access, strong frontage along US Route 51, and approximately 17 on-site parking spaces.
Zoned B-2 Community Commercial, the building is presented as well suited for a range of commercial, office, showroom, warehouse, and light industrial uses and is noted as well maintained and move-in ready.
Key Highlights
- Versatile industrial flex property with approx. 9,510 SF total on a 0.49‑acre corner lot in Decatur, IL
- Finished office space approx. 2,330 SF with reception, conference room, private office, open work area, break room, and 4 restrooms
- Warehouse has 14'-17' clear height, a 9' x 10' dock door with leveler, and a 10' x 12' drive‑in overhead door
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial flex building with finished office space, warehouse with dock and drive-in doors, and climate-controlled storage.
Where is this flex space located?
The property is located at 1591 N Water Street Decatur, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Versatile industrial flex property with approx. 9,510 SF total on a 0.49‑acre corner lot in Decatur, IL; Finished office space approx. 2,330 SF with reception, conference room, private office, open work area, break room, and 4 restrooms; Warehouse has 14'-17' clear height, a 9' x 10' dock door with leveler, and a 10' x 12' drive‑in overhead door
