Value-Add / Redevelopment Opportunity! 3/4 Acre lot, situated alongside one of Decatur’s main, four-lane, roads – N Water St. Averaging over 11,000 vehicles per day, this property offers great visibility and accessibility. The building formerly served as an insurance office on the main floor and a two bedroom, one bathroom apartment on the top floor. Great opportunity for a commercial or multi-family redevelopment. Tax amount shown includes all four parcels
Property Details
Price:
$40,000
MLS #:
6260187
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Apartment
Listed Date:
Aug 9, 2026
Lot Size:
32,670 sqft / 0.75 acres (approx)
Year Built:
1940
See this Listing
Schools
Interior
Appliances
Gas Water Heater
Cooling
Central Air
Heating
Forced Air, Gas
Levels
Two
Exterior
Community Features
Street Lights, Sidewalks
Construction Materials
Brick
Parking Spots
20
Parking Total
20
Roof
Rubber, Shingle
Stories
2
Financial
Tax Year
2025
Taxes
$2,482
Map
Community
- Address1524 N Water Street Decatur IL
- CityDecatur
- CountyMacon
- Zip Code62526
Subdivisions in Decatur
- 3 Huston Comm Park
- A M Reeves Add
- Adg Specialty Center
- Aplewood Add
- Applewood Add
- Assessors
- Assessors Sub
- Assrs Sub
- B H Cassells Sub
- Baker Bros Sub
- Baker Woods Estate
- Baker Woods Estates
- Bayshores North Add
- Becker Place
- Beverly Heights
- Big Oak Plaza
- Birchwood Estates
- Bledsaw Add
- Bradley & Campbells 2nd Add
- Bradleys Add
- Branson Add
- Brierwood Add
- Broad Acres
- Brock Morgan Center
- Brookview
- Buccaneers Point 02
- Buckhead Estates
- C C Walters 3rd Add
- C E Peebles Add
- C H Moores Add
- Camp & Wilsons
- Carlton Add
- Carvers Add
- Church/God Add
- Claude D Price Sub
- Clearwater Shores
- Cloyds 1st Add
- Condominium
- Country Acres Add
- Country Club Harbour Estates
- Country Manor 2nd Add
- County Fair Coml/Indl Park
- Craycroft 2nd
- Craycroft at Southlake
- Craycroft/Southlake
- Craycroft/Southlake Second Add
- Cresthaven Add
- Cundiff Add
- Deer Run
- Deerfield Estates
- Dennis Add
- Doctors Sub Add
- Dodsons 2nd Add
- Dodsons Add 02
- Driscon Place
- Earl M Gray 1st Add
- East Lynn
- East Lynn Add
- Eastmoreland Place 1st Add
- Eastmoreland Place 2nd Add
- Eckerts Add
- Edgewood An Add
- Elm Rdg
- Elms
- Enterprise Zone Parcels
- Fairview Add
- Fairway Estates
- Fitzgerald Heights
- Forest Crest Sub
- Frank R Snyders 2nd Sub
- G L Davis Add
- Gatlings Add
- Girl Scout
- Glenwood Heights
- Godwins 2nd Add
- Grandview Add
- Grays Cove Third Add
- Green Meadow 2nd Add
- Greenlake Add
- Greenridge Sub
- H A Tuttles Add
- H A Woods 2nd Add
- H A Woods S Park Add
- H A Woods Walnut Grove Add
- H A Woods West Park Add
- Heritage Harbour Add
- Higgins Add
- Highlawns Add
- Hillcrest An Add
- Hoffmans Acre
- Home Park 1st Add
- Home Park Manor
- Home Park Manor 4th Add
- Hopkins Manor
- Hubbard & Wolf Add
- Huston Heights Add
- Huston Hills
- Hyi Add
- I F Pharos Sub
- Imboden Place
- Indian Spgs Add
- Industrial Park 8th Add
- Ippel Add
- Isabelle Osgoods 1st Add
- J R Gorins Add
- Jeralds Add
- Johns 1st Add
- Johns 2nd Add
- Jokisch
- Joseph D Deakins Sub
- Julius L Burtschis Sub
- King Kove
- L Towls 2nd Add
- Lake Grove Club
- Lakeland Heights 7th Add
- Lakeview Heights
- Larkdale Add
- Lincoln Park Place Add
- M Fortsmeyers Add
- M Marcotts Add
- Manor Place
- Mccaleb Resurvey
- Meadow Knolls
- Meadowlark 4th Add
- Melrose Court Add
- Millards Sub
- Millikin Add
- Montgomery Hills 1st Add
- Montgomery Hills 2nd Add
- Morningside Place An Add
- New Vision Sub
- North Add
- North Decatur Add
- North Side Add
- Northbrook 2nd Add
- Northeast Bus & Industria
- Northeast Bus & Industrl Complex First
- Northeast Land Improv Co
- Northland Heights 1st Add
- Northside Investment Park 2nd Sub
- Norwood Heights
- Oak Grove 2nd Add
- Oak Grove Add
- Oak Rdg Point
- Oakdale Add
- P J Sears
- Palisades Plaza 2nd Add
- Park 101 Indust Park
- Park Add
- Park View Add
- Phillipsdale
- Prairie Dell Add
- Prather & Adamsons Add
- Primrose Estates 1st Add
- Primrose Estates 3rd Add
- Ravina Park Manor 2nd Add
- Richland Heights First Add
- Riverside Place
- Rolling Creek
- S C Allens Sub
- Scroggins Estates
- Sena M Wede Sub
- Shadow Lane 3rd Add
- Shadow Lane 4th Add
- Shaws 1st Add
- Shaws 3rd Add
- Shepards 1st Add
- Shepherds
- Shepherds 2nd Add
- Sims Knolls Add
- Sims-Hazelrigg Add
- Soules Add
- South Decatur First Add
- South Lake Estates
- South Shores
- South Shores 10th Add
- South Shores 10th East Add
- South Shores 14th Add
- South Shores 15th Add
- South Shores 16th Add
- South Shores 2nd Add Add
- South Shores 9th Add
- South Shores Twentieth Add
- Southeast Plaza 5 Add
- Southeast Plaza Add
- Southmoreland Place
- Southside Estates 3rd Add
- Southwestern Add
- Spangler Heights
- Spring Crk Estates Add
- Starr Crst
- Stickels 1st Sub
- Stone’s Commercial Pk Third Ad
- Stones Comm Park Add 03
- Studebaker Add
- Super Shine Add
- Thomas Jefferson Estates
- Timberlake
- Town & Country Add
- Town/Decatur
- University Place
- University Place 2nd Add
- Verde Oaks Add
- Virginia 5th Add
- W J Cripe Add
- Weikelss Rolling Acres
- Weirch
- West View Add 04
- Western Add
- Westlake Add
- Westmit Place
- Westway Add
- Whitchels Add
- Wilcox Wayside Farms Add
- Wildwood Manor
- Wildwood Second Add
- Windsor Village 1st Add
- Windsor Village 5th Add
- Wm H Beggs Add
- Woodlands
- Woodridge Add
Market Summary
Current real estate data for Commercial in Decatur as of Aug 10, 2026
45
Commercial Listed
290
Avg DOM
$470,378
Avg List Price
Property Summary
- 1524 N Water Street Decatur IL is a Commercial for sale in Decatur, IL, 62526. It is listed for $40,000
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