About This Home

This 0-bedroom, 0-bathroom commercial at 2950 N WATER Street in Decatur, IL is listed for $1,200,000. Built in 1970, on a 1.67 acres lot.

Key Features

  • Built in 1970
  • 1.67 acre lot
  • 20 parking spaces

Property Details

1 story
20 spaces
1970

Amenities

A/C
Listing Description

Position your brand-and your investment-on Decatur's busiest retail artery. This well-located shopping center at 2950 N Water St offers excellent frontage, signage, and access along the US-51/N Water St corridor, surrounded by national and regional retailers.

The property includes Suites 220 and 230 within a multi-suite center, providing flexible configurations for retail, service, or showroom uses. Ample surface parking, strong traffic counts, and convenient ingress/egress make this an attractive destination for customers and employees alike.

Current layout features open retail floor plates with rear service areas, private restrooms, and direct storefront entries. Utilities are available and service capacity supports a variety of uses; confirm metering and any trade fixtures to be included. Ideal for an owner-user seeking visibility and control of occupancy costs, or an investor aiming to stabilize and add value through lease-up. Prominent visibility and signage on N Water St (US-51

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

2950 N WATER Street

Decatur, IL 62526

Property Details

Flooring

Tile

Construction

Brick Frame

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2950 N WATER Street is listed at $1,200,000. The estimated monthly payment is $6,418 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 1.67 acre lot, 20 parking spaces.

This property is listed by Jerry George.

JG

Jerry George

Agent at The Real Estate Group, Inc.

Listed by The Real Estate Group, Inc. · Broker phone: (217) 787-7000 · Broker website

MLS# CA1044919· Source: RMLS Alliance· 117 days on PropertySimple

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2950 N WATER Street, Decatur, IL 62526

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