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    Property profile & analytics

    3350 Water St Ste A Decatur, IL 62526-2476

    • Medical offices
    OFF-MARKET
    Value Estimation
    $670,000
    Last Sale
    Jun 15, 2020
    $600,000
    Location Intelligence
    Property ID
    US28-3596280
    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

    • Melanie Schelling - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Decatur Back & Neck Center: Symonds James DC / Chiropractor
    • Fucinari Mario P DC / Chiropractor
    • Paunicka Elizabeth DC / Chiropractor
    • Kristin White / Chiropractor

    Property Details for 3350 Water St Ste A

    Zone code
    MUNICIPAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    07-07-35-301-004
    APU
    70735301004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $670,000
      6.5%
      $700,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $710,000
      Mixed-Use
      $640,000
      Hospitality
      $675,000
      Educational
      $685,000
      Residential Income
      $670,000
      Energy
      $630,000
      Income-Based Land
      $665,000
      Food Service
      $670,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9543
    Latitude
    39.8834
    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
    $18,447
    $19,475
    $163,667
    $183,142
    -
    $58,431
    $491,050
    $549,481

    Comparable in this City

    • 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
    • Value Estimation
      $410,000
      0.35 Acres

      675 Snyder Dr

      MEDICAL BUILDING • 0.35 Acres
      675 Snyder Dr, Decatur, IL 62526-4701
      View Details

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    Similar Nearby for Lease

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      Decatur Office Space: Prime Location

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      Premium Office/Medical Space Available

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    • $5,000 /Mo
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      Northtown Center Ground Level Space

      Highly visible ground level space suitable for office or retail.
      333 E Pershing Rd, Decatur, IL 62526
      View Details
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    Decatur, IL 62526-2476
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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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