Historic Three-Story Mixed-Use
For Sale
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170 N Merchant St, Decatur, IL 62523
Three-story brick property with restaurant, retail, office, and residential space for flexible downtown tenancy.
Property Size12,480 SF
Price / SF$39.66
Days on Market101
Property Features for 170 N Merchant St
General Information
Standard status
Active
Size
12,480 SF
Property subtype
RETAIL
Building Details
Year Built
1888
Stories
3
Listing Agency:
Main Place Real Estate
(217) 422-3330
Listed By:
Zane Peterson · License #471020044
(217) 454-8800
Source:
Moodyscre
Added: Jun 5
Changed: Sep 11
Last Checked: Sep 13 at 11:12AM
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.
This historic three-story brick mixed-use property, known as the “Post Building,” was originally constructed in 1888. The building is set up to support multiple income-producing and operating formats, with a mix of restaurant, retail, office, and residential uses within the same structure.
The property is located at the corner of Merchant Street and Prairie Avenue in Downtown Decatur, Illinois, at 170 N Merchant St (with the listing referencing 160–190 N Merchant St). As a storefront corner building, it is positioned in an active downtown environment with dining, boutiques, entertainment, offices, public services, and civic activity surrounding it.
For tenants, buyers, or operators, the combination of restaurant, retail, office, and residential space can accommodate a range of business needs under one roof. The multi-use configuration may also support leasing strategies that match different space requirements, from street-facing retail and restaurant operations to office and residential layouts within the same historic building.
The property is located at the corner of Merchant Street and Prairie Avenue in Downtown Decatur, Illinois, at 170 N Merchant St (with the listing referencing 160–190 N Merchant St). As a storefront corner building, it is positioned in an active downtown environment with dining, boutiques, entertainment, offices, public services, and civic activity surrounding it.
For tenants, buyers, or operators, the combination of restaurant, retail, office, and residential space can accommodate a range of business needs under one roof. The multi-use configuration may also support leasing strategies that match different space requirements, from street-facing retail and restaurant operations to office and residential layouts within the same historic building.
Key Highlights
- Historic three‑story brick “Post Building” constructed in 1888
- Located at the corner of N. Merchant St and Prairie Ave in Downtown Decatur
- Mixed‑use layout with restaurant, retail, office, and residential space
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story brick property with restaurant, retail, office, and residential space for flexible downtown tenancy.
Where is this mixed-use property located?
The property is located at 170 N Merchant St Decatur, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Historic three‑story brick “Post Building” constructed in 1888; Located at the corner of N. Merchant St and Prairie Ave in Downtown Decatur; Mixed‑use layout with restaurant, retail, office, and residential space
