3131 N Water St Decatur, IL 62526
This exceptional 5,500-square-foot single-tenant building, located at 3131 N Water St, Decatur, IL, presents a remarkable opportunity for medical or creative office users. Built in 1990 and extensively renovated in 2020, this Class B property boasts a modern layout ideal for a variety of uses. Previously utilized as an express care facility, the building features a spacious waiting room, reception area, registration areas, two triage rooms, twelve exam rooms, nurses' station, x-ray room, two private offices, and a break/conference room. The 12-foot ceilings contribute to a bright and airy atmosphere. Situated on a 1.17-acre lot with 75 parking spaces, the property enjoys exceptional visibility and high traffic counts, with nearly 25,000 vehicles passing daily on US Business Route 51 North and South. Its strategic location on N Water Street, near N Main Street, and B-2 Commercial zoning make it highly desirable. Property taxes are $0.53 per square foot. The building consists of one story and is situated in the Macon County submarket, encompassing Champaign, Bloomington, and Springfield, IL. APN: 07-07-34-478-004. This is a turnkey opportunity for businesses seeking high visibility and convenient access in a thriving area.
-
Patricia E. Carr, FNP Physician
-
Emily Davidsmeier Physician
-
Anh Van Ho, NP Physician
-
Mr. Samuel Potts Physician
-
Kia Boxley-Gillespie Physician
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.