155 N Water Street Decatur IL 62523 MLS #6251939

155 N Water Street
Decatur, IL, 62523
$545,000
Beds
0 Baths
0 SqFt
0.13 Acres
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Positioned on one of the most prominent corners in downtown Decatur is a fully leased commercial property offering exceptional visibility and long-term value. The building has seen significant capital improvements, including a brand-new roof and HVAC system installed in 2023, ensuring modern infrastructure and operational efficiency. Over the past five years, three interior buildouts have been completed, reflecting ongoing investment and the property’s adaptability to a range of professional and retail tenants.

This turnkey asset stands at the center of downtown activity, surrounded by restaurants, offices, and public institutions, making it one of the most desirable corners in the city’s urban core. With 100% occupancy and a proven history of maintenance and upgrades, 155 N Water Street presents an outstanding opportunity for investors seeking stable income in a high-visibility, walkable location.

Property Details

Price:
$545,000
MLS #:
6251939
Status:
Active
Beds:
0
Baths:
0
Address:
155 N Water Street
Type:
Commercial
Subtype:
Retail
Subdivision:
City/Decatur
City:
Decatur
Listed Date:
May 9, 2025
State:
IL
ZIP:
62523
Lot Size:
7,650 sqft / 0.13 acres (approx)
Year Built:
1976
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Schools

Interior

Appliances
Electric Water Heater
Cooling
Central Air
Heating
Electric

Exterior

Parking Features
On Site, On Street
Parking Spots
15
Security Features
Security System

Financial

Net Operating Income
$16,476
Tax Year
2023
Taxes
$9,692

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Community

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