100 Water St, Decatur, IL 62523
This exceptional six-story commercial building, located at 100 S Water St, Decatur, IL 62523, offers 130,000 square feet of versatile office space. Currently, 15,000 square feet is available for lease across multiple suites, catering to a variety of business needs. The building's diverse subtypes include traditional office, executive office, coworking, medical office, and creative office spaces, providing flexibility for various tenants. The property features four passenger and one freight elevators, ensuring efficient movement throughout the building. Ample parking is available with 100+ spaces in a private lot. Building amenities include convenient on-site food vending, and the added benefit of a bank and massage therapist within the building. For fitness-conscious tenants, a membership gym with locker rooms and showers is located in the basement. This beautifully updated building (updated over the past 20 years) enjoys a prime downtown location, within walking distance of Decatur's Central Park, restaurants, and shops. This is a unique opportunity to secure high-quality office space in a vibrant and convenient location.
-
Flowserve Corporation Industrial Manufacturer Production Facility
-
First Mid Bank & Trust Decatur Main Bank Loan Service
-
Downtown Fitness Gym & Fitness Center
-
Nancy Handegan Law Firm
-
South Water Street Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.