Multi-Suite Shopping
For Sale
$1,200,000
2950 N WATER Street, Decatur, IL 62526
Commercial Sale, Decatur, IL
Property SizeContact for details
Lot Size1.67 Acres
Days on Market93
Property Features for 2950 N WATER Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Parking
20
Directions
ON THE EAST SIDE OF N WATER ST NEAR PERSHING RD
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
private restrooms
direct storefront entries
rear service areas
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Frame
Roof type
Flat
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Jerry George · License #475159363
(217) 638-1360
Added: Jul 6
Changed: Sep 2
Last Checked: Oct 6 at 9:06AM
MLS# CA1044919
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-suite shopping center includes Suites 220 and 230 within a commercial property on a 1.67-acre site. The available configuration features open retail floor areas, rear service space, private restrooms, and individual storefront entrances. Brick and frame construction, tile flooring, forced-air heating, central air, and a flat roof support the existing building improvements. Public sewer serves the property, and utilities are available with service capacity for a variety of uses; metering and trade-fixture details should be confirmed.
The property is located at 2950 N Water Street in Decatur along the US-51/N Water Street corridor. The site provides frontage, signage opportunities, surface parking, and convenient ingress and egress. National and regional retailers surround the center, adding established commercial context for retail, service, and showroom operations.
The property is located at 2950 N Water Street in Decatur along the US-51/N Water Street corridor. The site provides frontage, signage opportunities, surface parking, and convenient ingress and egress. National and regional retailers surround the center, adding established commercial context for retail, service, and showroom operations.
Key Highlights
- 1.67‑acre shopping center site at 2950 N WATER Street, Decatur, IL 62526
- Suites 220 and 230 within a multi‑suite center
- Open retail layouts with rear service areas and private restrooms
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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 - Retail suites offer open layouts, rear service areas, private restrooms, and direct entries within a visible commercial corridor.
Where is this shopping center located?
The property is located at 2950 N WATER Street Decatur, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1.67‑acre shopping center site at 2950 N WATER Street, Decatur, IL 62526; Suites 220 and 230 within a multi‑suite center; Open retail layouts with rear service areas and private restrooms
