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Remodeled Office Building
For Sale
$350,000

462 W William Street, Decatur, IL 62522

Remodeled office building with new flooring, updated lighting, and a lobby fireplace feature wall.

Property SizeContact for details
Days on Market41

Property Features for 462 W William Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Commercial
Zoning O-1

Taxes and HOA fees

Annual Taxes $3,157

Amenities

lobby with stone fireplace

Building Details

Year Built 1962
Stories 1
Listing Agency: Keller Williams Revolution
Listed By: Dawn Mitchell
Source: Shelbyrealty
Added: Jul 11 Changed: Aug 8 Last Checked: Aug 20 at 2:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Revolution

Investment Insights

Based on property information with market context.

This remodeled office building offers an updated interior with new vinyl flooring throughout and new light fixtures. The lobby features a dry-stacked stone fireplace feature wall, creating a welcoming first impression for clients and visitors.

The property is located in an O-1 Office District and supports commercial business land use, with convenient access to key routes and the downtown district. It is described as being two blocks south of Eldorado Street and one block east of Monroe Street, with proximity to downtown Decatur.

The seller notes that buyers should verify permitted uses, zoning requirements, parking, signage, and any required approvals with the appropriate local zoning authority.

Key Highlights

  • Remodeled office building built in 1962
  • New vinyl flooring throughout
  • Updated light fixtures and refreshed interior finishes

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Bakery Skin Care Clinic Auto Parts Store Storage Facility Garden Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,392
Businesses Nearby

Demographics for 62522, IL

14,838
Population
7,215
Households
2.1
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
621
Density / Sq Mi
$51,689
Median Household Income
$36,551
Median Earnings
$783
Median Rent
$108,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Remodeled office building with new flooring, updated lighting, and a lobby fireplace feature wall.
Where is this office building located?
The property is located at 462 W William Street Decatur, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Remodeled office building built in 1962; New vinyl flooring throughout; Updated light fixtures and refreshed interior finishes
More about this property
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