13-Unit Mixed-Use
For Sale
$795,000
228-248 W Main Street, Decatur, IL 62521
Six street-level storefronts are paired with seven upstairs apartments and an off-street parking lot.
Property SizeContact for details
Days on Market52
Property Features for 228-248 W Main Street
General Information
Standard status
Active
Property subtype
Unimproved Land
Amenities
Natural Gas
Central Air
Electric to Site, Natural Gas Available
Listing Agency:
Cove Realty Inc
(847) 436-3551
Listed By:
Mitchell Cohen · License #471022000
Source:
Kw
Added: Jul 11
Changed: Aug 31
Last Checked: Aug 31 at 12:35AM
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 Cove Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property contains 13 units arranged across two complementary components: six retail storefronts at street level and seven apartments above. The building includes central air, with natural gas listed among the interior features. An off-street parking lot is positioned on the north side of the property.
Located at 228-248 W Main Street in Decatur, the property is near Millikin University and sits along historic West Main Street. Most units are individually metered, while landlord responsibilities differ according to the applicable lease terms. Electric service is in place, and natural gas is available.
Located at 228-248 W Main Street in Decatur, the property is near Millikin University and sits along historic West Main Street. Most units are individually metered, while landlord responsibilities differ according to the applicable lease terms. Electric service is in place, and natural gas is available.
Key Highlights
- 13‑unit configuration with six retail storefronts and seven upstairs apartments
- Street‑level retail paired with apartments on the upper floor
- Off‑street parking lot on the north side of the property
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 62521, IL
33,793
Population
16,169
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
66.0 sq mi
ZIP Area
512
Density / Sq Mi
$66,848
Median Household Income
$41,945
Median Earnings
$857
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six street-level storefronts are paired with seven upstairs apartments and an off-street parking lot.
Where is this mixed-use property located?
The property is located at 228-248 W Main Street Decatur, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 13‑unit configuration with six retail storefronts and seven upstairs apartments; Street‑level retail paired with apartments on the upper floor; Off‑street parking lot on the north side of the property
