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1021 & 1027 N Water st
Decatur, IL 62523

$2,236,146 USD

General Retail For Sale  •  21,263 SF

Property Details

  • Property Type General Retail
  • Total Building Size 21,263 SF
  • Lot Size 1.59 AC
  • Building Class C
  • Year Built 1980
  • Cap Rate 8.75 %
  • Tenancy Multiple
  • Zoning B2
50 Walk Score

Highlights

100% occupied by two established tenants with NNN and Modified Gross leases
Anchored by CSL Plasma and Illinois Department of Human Services for reliable cash flow
CSL Plasma paying $5.00/SF — well below market, offering significant mark-to-market upside
Adjacent ±0.39-acre parcel included with ~70 parking spaces for future flexibility
Two on-site billboards generate additional passive income and diversified revenue
Positioned along N. Water Street (±12,400 VPD) near Kroger, Aldi, McDonald's, and more
Cap Rate: 8.75 %

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 82
Type: Surface
Included in Rent: Yes
Jake Lurie 561-512-1658 Matthews™
Jake Lurie 561-512-1658 Matthews™