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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2875 Water St Decatur, IL 62526

6,050 SF Built 1977
Property ID
Property summary
AI-generated overview

This 6,050-square-foot retail space, located at 2875 N Water St in Decatur, Illinois, presents a significant opportunity for businesses seeking a prominent location. Built in 1977 and recently renovated, the property boasts a flexible layout ideal for various commercial uses. The east section features a large retail area, two sizable rooms, two offices, a kitchenette, and two public restrooms. The west section offers a spacious open area, an employee restroom, and a mechanical room. The B-2 Commercial zoning allows for a wide range of business types. Situated just south of Decatur's main retail corridor along Water Street, the property benefits from high traffic counts exceeding 42,000 vehicles daily, and proximity to numerous national, regional, and local businesses. This prime location offers excellent visibility and accessibility, with convenient access to major highways, including easy commutes to St. Louis, Chicago, Indianapolis, Champaign, Bloomington, and Springfield. The property's previous tenant was a medical supply store. The entire space is currently vacant and ready for immediate occupancy. The property is located in Macon County, Illinois, zip code 62526.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1977
Total area 6,050 SF
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
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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