Live-Work Space with Drive-In
For Sale
Contact for pricing
1940 Water Street, Decatur, IL 62526
Live-work property on Water Street with a planned lower showroom and upper apartment, plus a fenced drive-in yard.
Property SizeContact for details
Days on Market122
Property Features for 1940 Water Street
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Fenced Yard
Yes
Listing Agency:
Main Place Real Estate
(217) 454-8800
Listed By:
Zane Peterson · License #481.010682
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 6:39PM
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 live-work property on Water Street is currently roughed-in and ready for finishing touches. The layout is planned for a lower level business/showroom and an upper level apartment. Substantial work has been completed, including plumbing, HVAC, electrical, window installation, and roof work.
A fenced, drive-in yard provides exterior storage flexibility for day-to-day operations. The property is positioned as a high-traffic location, which may support showroom and retail-style uses.
With the core systems addressed and the interior configured for a two-level live-and-work arrangement, this space can be finished to fit a business that combines public-facing operations below with residential living above.
A fenced, drive-in yard provides exterior storage flexibility for day-to-day operations. The property is positioned as a high-traffic location, which may support showroom and retail-style uses.
With the core systems addressed and the interior configured for a two-level live-and-work arrangement, this space can be finished to fit a business that combines public-facing operations below with residential living above.
Key Highlights
- All major updates completed: plumbing, HVAC, electrical, windows, and roof
- Planned lower level business/showroom with upper level apartment
- Designed for a live‑and‑work business model with on‑site residence and business space
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
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?
Live-work space - Live-work property on Water Street with a planned lower showroom and upper apartment, plus a fenced drive-in yard.
Where is this live-work space located?
The property is located at 1940 Water Street Decatur, IL.
What are key features of this property?
This property features: All major updates completed: plumbing, HVAC, electrical, windows, and roof; Planned lower level business/showroom with upper level apartment; Designed for a live‑and‑work business model with on‑site residence and business space
