Multi-Tenant Shopping
For Lease
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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 PERISHING 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
Electric (Heating)
Cooling system
Central Air
Amenities
signage
parking
ground level access
Building Details
Year built
1970
Floors in Building
1
Flooring type
Concrete, Carpet
Building materials
Aluminum Siding, Block
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Jerry George · License #475159363
(217) 638-1360
Added: Jan 2
Changed: Sep 12
Last Checked: Oct 5 at 5:06PM
MLS# CA1041137
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 shopping center occupies a 1.67-acre site and includes space configured for office, retail, medical, and restaurant uses. Suites offer ground-level entry, with layouts that may be renovated to suit specific requirements. Building materials include aluminum siding and block, while interior finishes include carpet and concrete flooring. Central air and electric heat serve the property.
Positioned along a busy north-south thoroughfare in Decatur, the center benefits from substantial passing traffic and available signage. Ample parking supports visitors and occupants, and the property is served by public sewer. Built in 1970, the center carries COMMERCIAL zoning and includes Suite 130.
Positioned along a busy north-south thoroughfare in Decatur, the center benefits from substantial passing traffic and available signage. Ample parking supports visitors and occupants, and the property is served by public sewer. Built in 1970, the center carries COMMERCIAL zoning and includes Suite 130.
Key Highlights
- 1.67‑acre multi‑tenant shopping center
- Space configured for office, retail, medical, and restaurant uses
- Suites may be renovated to suit
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
247k
Monthly Visits Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- Northland Shopping Center — Decatur, IL 62526
- Harrison Center (formerly Pershing Plaza) — 1383 E Pershing Rd, Decatur, IL 62526
- Brettwood Village Shopping Center — 3116 N Water St, Decatur, IL 62526
- Coinstar Kiosk - Bitcoin ATM — Kroger - Central, 3070 N Water St, Decatur, IL 62526
Frequently Asked Questions
What type of property is this?
Shopping center - Commercially zoned center with ground-level access, on-site parking, and space suitable for office, retail, medical, or restaurant use.
Where is this shopping center 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 shopping center; Space configured for office, retail, medical, and restaurant uses; Suites may be renovated to suit
