2950 Water Street, Decatur, IL
$1,250,000
Active
20 Baths
1.67 Acres
About 2950 Water Street
Central Illinois Retail Strip Investment Opportunity FOR SALE. Located in the heart of central Illinois with great street frontage and visibility. Property is on the corner of US Rt 51 North and Pershing Road seeing nearly 30,000 vehicles per day at times in traffic counts. Current tenants for this property include: Jimmy Johns, State Farm, Cross Country Health, Pooches Dog Grooming, Baby Talk, and Mark James Salon. Good in-place income - 100% Occupancy - With a value add opportunity for rents in the future. There is additional income with the LAMAR billboard that is located on the property. In close proximity you will find a variety of different business's, venues, and ammenities. This Strip is nearly 11,000 Square feet, and has a ton of surface parking.
Facts & Features
| MLS® # | 6245210 |
|---|---|
| Price | $1,250,000 |
| Bathrooms | 20.00 |
| Full Baths | 20 |
| Acres | 1.67 |
| Year Built | 1990 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
| Taxes | $30,340 |
| Tax Year | 2022 |
Community Information
| Address | 2950 Water Street |
|---|---|
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62526 |
Amenities
| Features | Common Grounds/Area, Street Lights, Sidewalks |
|---|---|
| Parking | On Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Gas Water Heater |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Basement | Crawl Space |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Rubber |
|---|---|
| Foundation | Crawlspace |
Additional Information
| Date Listed | August 7th, 2024 |
|---|---|
| Days on Market | 120 |
| Zoning | COM |
Listing Details
| Agent | Cole Babcock |
|---|---|
| Office | Vieweg RE/Better Homes & Gardens Real Estate-Service First |