2779 Water St, Decatur, IL 62526-4231
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 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
MUNICIPAL · Decatur, ILDecatur. Always verify with local authorities before improvements.
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.