Decatur Retail Space For
For Lease
Contact for pricing
2875 N Water St, Decatur, IL 62526
Retail space available in a high-traffic Decatur location.
Space Size6,050 SF
Days on Market718
Property Features for 2875 N Water St
General Information
Standard status
Active
Size
6,050 SF
Property subtype
Retail
Lease Type
Modified Gross
Building Details
Building Size
6,050 SF
Year Built
1977
Tenancy
Single
Spaces For Lease
at 2875 N Water St Contact us- Size
- 6,050 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Available Space
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3425
Listed By:
AJ Thoma III, CCIM, SIOR · License #IL475.135026
Source:
Crexi
Added: Sep 12, 2024
Changed: Aug 23
Last Checked: Aug 25 at 4:31PM
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 Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
This retail space, located in Decatur, IL, was originally constructed in 1977 and has been renovated in recent years. Previously occupied by Memorial Health Systems as a medical supply store, the property is zoned B2 – Commercial, accommodating a wide variety of commercial businesses. The east portion of the space features a large retail area with two larger rooms, two offices, a kitchenette, and two public-facing restrooms. The west portion includes a large open area with an additional employee restroom and a mechanical room. The property is situated just south of the prime retail shopping district of Main/Water/Bus US 51 & Pershing Ave. Water/Bus US 51 North, a one-way street through Decatur, connects south-central Illinois to Bloomington, IL. The area benefits from traffic counts exceeding 42,000 cars per day and is home to numerous national, regional, and local tenants. Decatur is located 123 miles from St. Louis, 177 miles from Chicago, 155 miles from Indianapolis, 45 miles from Champaign, 46 miles from Bloomington, and 44 miles from Springfield.
Key Highlights
- High traffic location with over 42,000 cars per day.
- B2 – Commercial zoning allows for a wide variety of commercial businesses.
- Recently renovated within the last couple of years.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
240k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 27%
Shops & Services 19%
Apparel 2%
Kroger
Groceries
41,750 visits/mo
0.3 miles
McDonald's
Dining
32,436 visits/mo
0.3 miles
Aldi
Groceries
23,357 visits/mo
0.4 miles
Taco Bell
Dining
19,633 visits/mo
0.5 miles
Wendy's
Dining
15,424 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available in a high-traffic Decatur location.
Where is this retail space located?
The property is located at 2875 N Water St Decatur, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: High traffic location with over 42,000 cars per day.; B2 – Commercial zoning allows for a wide variety of commercial businesses.; Recently renovated within the last couple of years.
