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Property profile & analytics
OFF-MARKET
Warehouses

1902 Water St Decatur, IL 62526

Built 1913
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 55 Gallon Drums Decatur Big Box & Wholesale Store Factory
  • Confidential On Site Paper Shredding Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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