2875 N Water St Decatur, IL 62526

Building Details

Year Built

1977

Spaces For Lease

at 2875 N Water St Contact us

Listing office Coldwell Banker Commercial Devonshire Realty a**@cbcdr.com Show Phone

Listing date Sep 12, 2024

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Investment Insights

Based on property information with market context.

This retail space, located in Decatur, IL, was originally constructed in 1977 and has been renovated in recent years. Previously occupied by Memorial Health Systems as a medical supply store, the property is zoned B2 – Commercial, accommodating a wide variety of commercial businesses. The east portion of the space features a large retail area with two larger rooms, two offices, a kitchenette, and two public-facing restrooms. The west portion includes a large open area with an additional employee restroom and a mechanical room. The property is situated just south of the prime retail shopping district of Main/Water/Bus US 51 & Pershing Ave. Water/Bus US 51 North, a one-way street through Decatur, connects south-central Illinois to Bloomington, IL. The area benefits from traffic counts exceeding 42,000 cars per day and is home to numerous national, regional, and local tenants. Decatur is located 123 miles from St. Louis, 177 miles from Chicago, 155 miles from Indianapolis, 45 miles from Champaign, 46 miles from Bloomington, and 44 miles from Springfield.

Key Highlights

• High traffic location with over 42,000 cars per day.
• B2 – Commercial zoning allows for a wide variety of commercial businesses.
• Recently renovated within the last couple of years.

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FAQs

What type of property is this?

Retail space - Retail space available in a high-traffic Decatur location.

Where is this retail space located?

The property is located at 2875 N Water St Decatur, IL.

What is the lease rate?

The lease rate is $16 SF/Yr.

What are key features of this property?

This property features: High traffic location with over 42,000 cars per day.; B2 – Commercial zoning allows for a wide variety of commercial businesses.; Recently renovated within the last couple of years.