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    Property profile & analytics

    250 Water St Decatur, IL 62523-1351

    • Office buildings
    • 0.02 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Last Sale
    Oct 11, 2022
    $1,000,000
    Location Intelligence
    Property ID
    US28-5086422
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kone Inc / Elevator Service
    • Vista Securities / Financial Planner
    • W Cia Channel 3 / Television Station
    • Next Media Group / Radio Broadcaster
    • Personal Motivation Hypnosis Clinic in Decatur, IL / Health Consultant

    Property Details for 250 Water St

    Lot size
    0.02 lot acres
    Zone code
    MUNICIPAL
    Property type
    Office buildings
    APN
    04-12-14-151-001
    APU
    41214151001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $940,000

    • CAP approach

      CAP return
      Estimation
      6%
      $990,000
      6.5%
      $1,035,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $950,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,015,000
      Retail
      $805,000
      Mixed-Use
      $860,000
      Hospitality
      $945,000
      Educational
      $865,000
      Residential Income
      $1,095,000
      Energy
      $830,000
      Income-Based Land
      $1,020,000
      Food Service
      $1,125,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9541
    Latitude
    39.8434
    CBSA code
    19500
    CBSA name
    DECATUR, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,182
    $13,151
    $139,389
    $152,540
    -
    $39,457
    $418,209
    $457,666

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      350 Water St

      OFFICE BUILDING • 1.40 Acres
      350 Water St, Decatur, IL 62523-1106
      View Details
    • Value Estimation by Request
      0.14 Acres

      253 Park St

      OFFICE BUILDING • 0.14 Acres
      253 Park St, Decatur, IL 62523-6049
      View Details
    • Value Estimation by Request
      0.20 Acres

      205 Main St

      OFFICE BUILDING • 0.20 Acres
      205 Main St, Decatur, IL 62523
      View Details
    • Value Estimation by Request
      0.08 Acres

      702 Wood St

      OFFICE BUILDING • 0.08 Acres
      702 Wood St, Decatur, IL 62523-1155
      View Details
    • Value Estimation by Request
      0.31 Acres

      1171 Water St

      OFFICE BUILDING • 0.31 Acres
      1171 Water St, Decatur, IL 62523-1024
      View Details
    • Value Estimation by Request
      0.05 Acres

      744 Water St

      OFFICE BUILDING • 0.05 Acres
      744 Water St, Decatur, IL 62523-1017
      View Details

    Similar Nearby for Sale

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      11,884 SF

      Downtown Decatur Retail Portfolio

      Prime Decatur location, 11,884 SF, 7 units
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    • $675,000
      11,884 SF

      248 N Park St, Decatur, IL

      Mixed-use properties • 11,884 SF
      248 N Park St, Decatur, IL 62523
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    • $695,000
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      Decatur Commercial Land - $695K

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      450 Main St, Decatur, IL 62523
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    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Decatur Office Space For Rent

      3,000 square foot office space available for lease.
      148 E Main St, Decatur, IL 62523
      View Details
    • $1,200 /Mo
      1,007 SF

      Executive Office Space For Rent

      Turn-key executive office suite with furniture included and utilities.
      158 W Prairie Ave, Decatur, IL 62523
      View Details
    • $2,750 /Mo
      2,255 SF

      Decatur Office Space For Rent

      2255 square foot office space available for rent.
      101 S Main St, Decatur, IL 62523
      View Details
    • Contact for pricing
      4,275 SF

      Decatur Office Space Available

      Office space available for rent in Decatur, Illinois.
      214 N Franklin St, Decatur, IL 62523
      View Details
    • $1,950 /Mo
      2,627 SF

      Downtown Decatur Furnished Office Space

      Professional office space in Downtown Decatur, fully furnished.
      135 W Main St, Decatur, IL 62523
      View Details
    • $1,500 /Mo
      1,300 SF

      Downtown Decatur Redevelopment Opportunity

      Redevelopment opportunity in downtown Decatur. Build-to-suit, 1,300 square feet.
      132-190 W Wood St, Decatur, IL 62523
      View Details
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    250 Water St
    Decatur, IL 62523-1351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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