For Lease
Property summary
This mixed-use property consists of approximately 14,500 square feet and includes residential and commercial components on a 0.55-acre lot with 32 parking spaces. The residential portion contains 8 fully renovated apartment units with features such as granite countertops, luxury vinyl plank flooring, and stainless steel appliances; the building systems and services include a roof that was replaced about 10 years ago with preventative patching performed within the last two years, two installed HVAC units, electrical and plumbing updates on the second floor, and a regimen of inspections and testing every six months. The commercial component includes 7,800 square feet of main-level retail/office space plus an additional 6,000 square feet of basement area that was formerly configured for laboratory use. The property includes handicap accessibility, security systems, and utilities and infrastructure intended to support combined residential and commercial use. It is located on West Main Street in downtown Decatur within the city’s primary commercial corridor, near Millikin University, with pedestrian-oriented downtown access and transportation connectivity via public transit routes and major roadway connections.
Property profile
VerifiedCap rate & NOI
Current use
-
Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MUNICIPAL · Decatur, ILZoning
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Zoning designation
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