Mixed-Use Apartment
For Sale
Contact for pricing
2490 N WATER ST, Decatur, IL 62526
Three-building property combines apartments with street-level commercial suites and public transportation access.
Property Size55,297 SF
Lot Size4.51 Acres
Price / SF$62.39
Days on Market11
Property Features for 2490 N WATER ST
General Information
Standard status
Active
Size
55,297 SF
Lot size
4.51 Acres
Property subtype
Multifamily
Zoning
O1
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
70
Building Details
Year Built
1975
Buildings
4
Units
83
Listing Agency:
Main Place Real Estate
(217) 454-8800
Listed By:
Zane Peterson · License #471020044
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 19 at 7:04AM
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 three-building apartment complex includes 70 residential units and 13 commercial suites, combining housing with street-level commercial space in one mixed-use building and residential accommodations in two additional buildings. The property contains 55,297 square feet across 4.51 acres and was built in 1975. Zoning is O1.
Located at 2490 N Water St in Decatur, the property fronts U.S. Route 51, also identified as Water Street. Public transportation is available nearby, with shopping, restaurants, medical facilities, schools, and other essential services in the surrounding area. The combination of residential and commercial components creates 83 total units within an established, multi-building property.
Located at 2490 N Water St in Decatur, the property fronts U.S. Route 51, also identified as Water Street. Public transportation is available nearby, with shopping, restaurants, medical facilities, schools, and other essential services in the surrounding area. The combination of residential and commercial components creates 83 total units within an established, multi-building property.
Key Highlights
- 70 residential units and 13 commercial suites
- Three‑building complex with mixed‑use and residential buildings
- 55,297 square feet on 4.51 acres
Property Analytics
Property Profile
Current Use
Lease Details
70
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,139
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-building property combines apartments with street-level commercial suites and public transportation access.
Where is this apartment building located?
The property is located at 2490 N WATER ST Decatur, IL.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 70 residential units and 13 commercial suites; Three‑building complex with mixed‑use and residential buildings; 55,297 square feet on 4.51 acres
