160 North Merchant Street Decatur, IL 62523

Located in the heart of Downtown Decatur at 160-190 N. Merchant Street, the 'Post Building' presents a historic mixed-use investment opportunity. Originally constructed in 1888, this three-story brick storefront property is situated at the corner of Merchant Street and Prairie Avenue, surrounded by downtown dining, boutiques, entertainment, offices, public services, and civic activity. The property, totaling approximately 12,291 square feet, features a mix of restaurant, retail, office, and residential uses, offering both stabilized income potential and upside through lease-up of available space. The first floor is configured for two storefront commercial spaces and a common area with elevator and staircase. Street-level spaces include Goodfella's Cigars and a vacant restaurant space. Upper-level spaces include an office lease, Taproot Restaurant, and a residential loft. The second floor includes restaurant/bar improvements and dining areas, while the third floor offers flexible office or studio space with strong natural light, downtown views, elevator access, and walk-up stair access. The furnished apartment includes modern finishes, a kitchen, a bathroom, and a living space, supporting continued use as corporate housing, short-term rental, or traditional residential tenancy. The building benefits from recent updates and a functional mixed-use layout, with separately metered gas and electric service. Situated in the Decatur Central TIF District, the downtown area has seen continued public and private reinvestment, including streetscape improvements, parking enhancements, and ongoing redevelopment activity. The building's historic character, central location, multiple income streams, and available lease-up upside offer a rare opportunity to acquire a recognizable downtown asset with both current utility and long-term repositioning potential.