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    Decatur, IL Waterfront Land for Sale

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    Forsyth, IL Mt Zion, IL Warrensburg, IL
    Lakefront Land Parcel with Subdivision Potential
    $499,000
    8.10 Acres
    Lakefront Land Parcel with Subdivision Potential

    3940 Graces Ln, Decatur, IL 62521

    Private lakefront tract offers significant water frontage and the option to create multiple smaller lake tracts.
    • 8.1‑acre lakefront tract on Basin 6 with approximately 666.5 ft of lake frontage
    • Option to subdivide into 4 separate 2‑acre lake tracts
    • Previously used as a church camp
    • Majority of dead trees and undergrowth removed
    • Very private setting on a dead‑end street
    Updated: Dec 10, 2025
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

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    743 Acres Recreational Land Investment

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    Waterfront Residential Land Lot
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    Build your next home on a waterfront lot with lake views and gas and electric already available.

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    Waterfront Residential Building Lot
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    Waterfront Residential Building Lot

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    Waterfront Lot in Eastland Estates
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    Waterfront Lot in Eastland Estates

    Residential land for custom home with utilities in Terre Haute.

    8026 Hannah Avenue lot: #68, Terre Haute, IN 47805

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    Decatur, IL Waterfront Land Market Trends and Statistics

    Explore 1 waterfront land for sale in Decatur, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $499,000.

    Sale prices for water rights properties in Decatur, IL start at $499,000, averaging $499,000, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 17
    Industrial land 5
    Residential land & home lots 3
    Agricultural land / Farmland 1
    Hunting land 1

    Demographics Overview

    Population 79K
    Population Growth (5Y) -14.5%
    Median Household Income $56,571
    College Educated 16.3%

    Taxes & Financing

    Average Loan-to-Value 65.0%

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