1902 Water St Decatur, IL 62526
This exceptional industrial property, located at 1902 N. Water Street in Macon County, presents a rare opportunity. The 3.52-acre lot boasts a highly visible location on US Route 51, experiencing over 12,000 vehicles daily (per IDOT). The property features approximately 29,000 square feet of improved space, primarily comprised of connected warehouse buildings and a separate sales office. The warehouse itself offers efficient operations with four loading docks equipped with levelers, ensuring seamless semi-truck access, and three drive-in doors. Adding to its functionality is a 75-foot, 100,000-pound capacity truck scale. The property is fully fenced, providing secure storage and ample lay-down space. The site is zoned M-2 for Heavy Industrial Use, allowing for a wide range of applications. While the property abuts a rail line, a spur is not currently in place. Built in 1913 and renovated in 1996, this property offers a blend of character and modern functionality. The asking price is significantly below the assessed fair market value, making this an exceptional investment opportunity. The APN is 04-12-11-101-015.
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55 Gallon Drums Decatur Big Box & Wholesale Store Factory
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Confidential On Site Paper Shredding Recycling Center Waste Management Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.