155 N Water Street, Decatur, IL
$545,000
Active
0.13 Acres
About 155 N Water Street
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.
Facts & Features
| MLS® # | 6251939 |
|---|---|
| Price | $545,000 |
| Bathrooms | 0.00 |
| Acres | 0.13 |
| Year Built | 1976 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
| Taxes | $9,692 |
| Tax Year | 2023 |
Community Information
| Address | 155 N Water Street |
|---|---|
| Subdivision | City/Decatur |
| City | Decatur |
| County | Macon |
| State | IL |
| Zip Code | 62523 |
Amenities
| Parking | On Site, On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Electric Water Heater |
|---|---|
| Heating | Electric |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | May 9th, 2025 |
|---|---|
| Days on Market | 12 |
| Zoning | MUN |
Listing Details
| Agent | Cole Babcock |
|---|---|
| Office | Vieweg RE/Better Homes & Gardens Real Estate-Service First |