Property summary
This 2,025-square-foot free-standing restaurant building is available for lease in Decatur, Illinois. Located on the busy North Water Street (US Route 51), this property boasts excellent visibility and high traffic counts, exceeding 11,500 vehicles per day. The building sits on a 0.33-acre lot and is zoned M-1. The property features a drive-thru configuration, making it ideal for quick-service restaurants. The existing kitchen infrastructure includes a walk-in cooler, multiple sinks, and a 10-foot range hood, providing a solid foundation for a variety of food service concepts. The property's previous tenant was a popular donut shop, demonstrating its suitability for this type of business. This single-tenant building (APN: 04-12-03-278-012) offers a Net Net Net (NNN) lease structure. The property's address is 2779 N Water St, Decatur, IL 62526. This is a fantastic opportunity for a food service business seeking a high-traffic location with existing kitchen amenities. The property's location offers significant advantages for attracting customers and building a successful business. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUNICIPAL in Decatur, IL.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.