Multi-Tenant Strip
For Lease
Contact for pricing
2950 N WATER Street, Decatur, IL 62526
Commercial Lease, Decatur, IL
Space SizeContact for details
Lot Size1.67 Acres
Days on Market276
Property Features for 2950 N WATER Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
COMMERCIAL
Parking
20
Directions
CORNER OF PERSHING RD AND N WATER ST
Standard status
Active
APN
04-12-02-101-003
Lot size
1.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
34058
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
signage available
ample parking
ground level access
Building Details
Year built
1990
Floors in Building
1
Building materials
Aluminum Siding, Block, Frame
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Jerry George · License #475159363
(217) 638-1360
Added: Jan 2
Changed: Sep 7
Last Checked: Oct 5 at 2:06PM
MLS# CA1041135
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant strip center combines office, retail, medical, and restaurant space within a 1.67-acre commercial property. Ground-level access, ample parking, and available signage support convenient customer and employee entry. The building was constructed in 1990 with aluminum siding, block, and frame construction, along with forced-air heating, central air, and public sewer service.
Located at 2950 N Water Street in Decatur, Illinois, the property sits along a busy north-south thoroughfare and is surrounded by restaurants and retail businesses. Its commercial setting and existing multi-tenant configuration provide a flexible environment for businesses serving local customers.
Located at 2950 N Water Street in Decatur, Illinois, the property sits along a busy north-south thoroughfare and is surrounded by restaurants and retail businesses. Its commercial setting and existing multi-tenant configuration provide a flexible environment for businesses serving local customers.
Key Highlights
- 1.67‑acre multi‑tenant strip center
- Office, retail, medical, and restaurant space
- Ground‑level access with ample parking
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
247k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 26%
Shops & Services 21%
Apparel 1%
Kroger
Groceries
41,750 visits/mo
0.1 miles
McDonald's
Dining
32,436 visits/mo
0.2 miles
Aldi
Groceries
23,357 visits/mo
0.2 miles
Taco Bell
Dining
19,633 visits/mo
0.3 miles
Wendy's
Dining
15,424 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - Commercial center with ground-level access, ample parking, and signage available for office, retail, medical, and restaurant uses.
Where is this strip mall located?
The property is located at 2950 N WATER Street Decatur, IL.
What are key features of this property?
This property features: 1.67‑acre multi‑tenant strip center; Office, retail, medical, and restaurant space; Ground‑level access with ample parking
