1902 Water St Decatur, IL 62526
Property profile & analytics
Location Intelligence
Current Use by Public Records
- 55 Gallon Drums Decatur / Big Box & Wholesale Store / Factory
- Confidential On Site Paper Shredding / Recycling Center / Waste Management Facility
Property Details for 1902 Water St
- Year built
- 1995
- Lot size
- 3.52 lot acres
- Property size
- 29,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional industrial property, located at 1902 N. Water Street in Decatur, Illinois, presents a compelling investment opportunity. The 29,000-square-foot warehouse sits on a 3.52-acre lot, offering ample space for operations and expansion. Built in 1995, the property boasts a 15-foot ceiling height, four loading docks with levelers, and four dock-high doors, ensuring efficient handling of goods and semi-truck access. The property also includes a functional 75-foot, 100,000-pound truck scale, adding significant operational value. The warehouse is part of a larger complex that includes additional warehouse buildings and a sales office. The property benefits from excellent visibility on US Route 51, with over 12,000 vehicles passing daily, according to IDOT traffic counts. The fenced lot provides secure storage and lay-down space. Zoned M-2 for Heavy Industrial Use, this property offers significant potential. While the property abuts a rail line, a rail spur is not currently in place. The asking price of $400,000 represents a significant discount from the assessed fair market value, making this a truly attractive investment. The APN is 04-12-11-101-015, and the zip code is 62526.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.954
- Latitude
- 39.8609
