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Property profile & analytics

2779 Water St Decatur, IL 62526-4231

  • Turn key restaurants
  • 0.33 lot acres
OFF-MARKET
Value Estimation
$310,000
Last Sale
Jul 03, 2024
Location Intelligence
Property ID
US28-4680219
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

  • Turn key restaurants

Property Details for 2779 Water St

Lot size
0.33 lot acres
Zone code
MUNICIPAL
Property type
Turn key restaurants
APN
04-12-03-278-012
APU
41203278012

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Decatur
County
Macon
State
Illinois
Longitude
-88.9554
Latitude
39.873
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
$4,138
$11,965
$29,614
$41,579
-
$35,899
$88,851
$124,750
More about this property
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