Multi-Suite Shopping
For Sale
$1,200,000
2950 N WATER Street, Decatur, IL 62526
COMMERCIAL - Decatur, IL
Property SizeContact for details
Lot Size1.67 Acres
Days on Market47
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
open retail floor plates
rear service areas
private restrooms
direct storefront entries
surface parking
prominent visibility
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: Aug 4
Last Checked: Aug 21 at 11:06AM
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 shopping center includes Suites 220 and 230 within a multi-suite commercial property on a 1.67-acre site. The available configuration features open retail areas, rear service spaces, private restrooms, and individual storefront entrances. Construction includes brick and frame materials, with tile flooring, forced-air heating, central air, a flat roof, and public sewer service. Utilities are available, with metering and any included trade fixtures subject to confirmation.
The property is located at 2950 N Water Street along the US-51 corridor in Decatur, Illinois. On-site surface parking, storefront signage, and multiple access points support customer and employee arrival. The center is surrounded by national and regional retailers and is zoned B-2, with potential applications identified for retail, service, and showroom operations.
The property is located at 2950 N Water Street along the US-51 corridor in Decatur, Illinois. On-site surface parking, storefront signage, and multiple access points support customer and employee arrival. The center is surrounded by national and regional retailers and is zoned B-2, with potential applications identified for retail, service, and showroom operations.
Key Highlights
- Suites 220 and 230 within a multi‑suite shopping center
- 1.67‑acre site at 2950 N WATER Street in Decatur, IL 62526
- B‑2 zoning with retail, service, and showroom use potential
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Brettwood Village Shopping Center — 3116 N Water St, Decatur, IL 62526
- Harrison Center (formerly Pershing Plaza) — 1383 E Pershing Rd, Decatur, IL 62526
- Northland Shopping Center — 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 with open layouts, rear service areas, private restrooms, and dedicated storefront access.
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: Suites 220 and 230 within a multi‑suite shopping center; 1.67‑acre site at 2950 N WATER Street in Decatur, IL 62526; B‑2 zoning with retail, service, and showroom use potential
