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    Property profile & analytics

    2975 Water St Decatur, IL 62526-4235

    • Medical offices
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Last Sale
    Mar 20, 2024
    Location Intelligence
    Property ID
    US28-3717021
    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

    • Twilight Pediatrics LLC / Pediatrician
    • Dr. John H. Fahey, MD / Occupational Medical Physician
    • Sneha Kumar / Family Practice Physician / Practitioner Service Location
    • Dr. Sudhakar Konda, MD / Family Practice Physician
    • BRIGHTSTAR MEDICALS LLC / Consultant

    Property Details for 2975 Water St

    Lot size
    0.52 lot acres
    Zone code
    MUNICIPAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    04-12-03-227-019
    APU
    41203227019

    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
    -88.9555
    Latitude
    39.8758
    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
    $16,359
    $39,828
    $124,546
    $164,374
    -
    $119,496
    $373,675
    $493,171

    Comparable in this City

    • Value Estimation
      $670,000

      3350 Water St Ste A

      MEDICAL BUILDING
      3350 Water St Ste A, Decatur, IL 62526-2476
      View Details
    • Value Estimation by Request
      0.94 Acres

      102 Kenwood Ave

      MEDICAL BUILDING • 0.94 Acres
      102 Kenwood Ave, Decatur, IL 62526-4368
      View Details
    • Value Estimation
      $6,280,000
      1.85 Acres

      544 Pershing Rd

      MEDICAL BUILDING • 1.85 Acres
      544 Pershing Rd, Decatur, IL 62526-3226
      View Details
    • Value Estimation
      $3,295,000
      1.48 Acres

      1090 Mckinley Ave

      MEDICAL BUILDING • 1.48 Acres
      1090 Mckinley Ave, Decatur, IL 62526-3208
      View Details
    • Value Estimation
      $410,000
      0.30 Acres

      250 Kenwood Ave

      MEDICAL BUILDING • 0.30 Acres
      250 Kenwood Ave, Decatur, IL 62526-4371
      View Details
    • Value Estimation
      $435,000
      1.09 Acres

      646 Pershing Rd

      MEDICAL BUILDING • 1.09 Acres
      646 Pershing Rd, Decatur, IL 62526-1633
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Decatur Office Space: Prime Location

      1,410 SF Medical/Office Suite Available
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      Versatile Office Space Available

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      Premium Office/Medical Space Available

      Class A property suitable for medical or general office use.
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      800 SF office space for rent in Decatur, IL.
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      Office space available for lease in Decatur, Illinois.
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    • $725 /Mo
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      Office & Retail Space Available

      Mixed-use property with office and retail suites for lease.
      2490 N Water St, Decatur, IL 62526
      View Details
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    2975 Water St
    Decatur, IL 62526-4235
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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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