445 N Franklin Street,

Decatur, IL, 62523

$1,200,000

1.59 Acres

Magnificent downtown commercial property. Perfect opportunity for a value-add investor or owner occupied user. Tenants and lease spaces offer a mix of office, retail, and even two apartment units! The property is located in the heart of Downtown Decatur on busy corner intersection. Zoning is B4 and property situated in an Opportunity Zone and Macon County Enterprise Zone. Located directly across the street from the Decatur Civic Center and ADM City Center. Each Lease space comes with private parking and ample parking for customers as well. The property has a total of three parcels, including historic theater (built in 1916), City Plaza (multi-tenant mixed use, built in 1949), and corner parking lot (future development opportunity). The City Plaza property was extremely well built and well maintained. Property going to TenX auction Feb 22-24 click link for details: https://www.ten-x.com/commercial/listing/445-n-franklin-street-426-n-water-street-decatur-il-62523/1000014158/

Facts & Features

MLS® # 6198933

Price $1,200,000

Bathrooms 0.00

Acres 1.59

Year Built 1916

Type Commercial

Sub-Type Other

Status Pending

Taxes $30,774

Tax Year 2018

Community Information

Address 445 N Franklin Street

City Decatur

County Macon

State IL

Zip Code 62523

Amenities

Is Waterfront No

Has Pool No

Interior

Appliances Water Heater

Heating Other

Cooling Central Air

Fireplace No

Additional Information

Date Listed January 15th, 2020

Days on Market 417

Zoning B-4

HOA Fees 0.00

Listing Details

Office Main Place Real Estate

Presented by:

Print Contact Agent

Listing information last updated on March 8th, 2021 at 1:01pm CST.

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445 N Franklin Street,

$1,200,000