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Downtown Retail Suite with Windows
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163 N Water Street, Decatur, IL 62523

Retail suite with windows on Central Park and ample on- and off-street parking in downtown Decatur.

Property Size2,300 SF
Days on Market132

Property Features for 163 N Water Street

General Information

Standard status Active
Size 2,300 SF
Property subtype Retail
Listing Agency: Vieweg Real Estate
Listed By: Tim Vieweg · License #IL 471.018186
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 4:02PM

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 downtown retail suite offers storefront windows facing Central Park, creating a street-level presence for a variety of retail or service concepts. The space totals approximately 2,300 square feet and is well-suited for an owner-user seeking a central, walkable setting.

Situated at 163 N Water Street in Decatur, the property is described as having plenty of on- and off-street parking, supporting both day-to-day customer access and convenient arrivals.

Additional downtown properties are available, and Vieweg Real Estate notes related services including leasing, property management, build-out, construction, and consulting for project development.

Key Highlights

  • Retail suite with windows on Central Park in downtown Decatur
  • Approximately 2,300 SF
  • Ample on- and off‑street parking

Property Analytics

Current Use

Murphy & Co (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Bakery Storage Facility Garden Center Locksmith Skin Care Clinic Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

1,367
Businesses Nearby
17k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Circle K Shops & Services
12,904 visits/mo 0.3 miles
Marathon Petroleum Shops & Services
2,391 visits/mo 0.5 miles
Firestone Complete Auto Care Shops & Services
1,528 visits/mo 0.2 miles

Demographics for 62523, IL

886
Population
364
Households
2.4
Avg Household Size
40
Median Age
5%
College-Educated
68%
High-School Grad
0.4 sq mi
ZIP Area
2,215
Density / Sq Mi
$333
Median Rent

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail suite with windows on Central Park and ample on- and off-street parking in downtown Decatur.
Where is this retail space located?
The property is located at 163 N Water Street Decatur, IL.
What are key features of this property?
This property features: Retail suite with windows on Central Park in downtown Decatur; Approximately 2,300 SF; Ample on- and off‑street parking
(217) 454-4037 Call to check price and availability
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