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228-248 W Main Street

Decatur, IL 62523
  • $695,000
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 6230499
$695,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

Downtown investment real estate for sale. Remarkable opportunity to own a mixed use property, turn-key with 100% occupancy. Thirteen units total. Unit mix includes six street level retail/office suites and seven apartments on the second story. Value add potential to step-up rental rates and income. Property includes off street parking lot on the north side. Most units separately metered with mix of landlord responsibilities. Situated on historic West Main Street in downtown Decatur with close proximity to Millikin University. Please do not disturb tenants. Contact commercial brokers for all inquiries.

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© 2024 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-03-01T00:27:44.493.
www.mainplace.us/homes/145980685
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228-248 W Main Street Decatur, IL 62523

  • Price: $695,000
  • Status: Active
  • On Site: 80 Days
  • MLS #: 6230499
0
Beds
0
Baths
0
½ Baths
0.38
Acres
1920
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
Property Description
Downtown investment real estate for sale. Remarkable opportunity to own a mixed use property, turn-key with 100% occupancy. Thirteen units total. Unit mix includes six street level retail/office suites and seven apartments on the second story. Value add potential to step-up rental rates and income. Property includes off street parking lot on the north side. Most units separately metered with mix of landlord responsibilities. Situated on historic West Main Street in downtown Decatur with close proximity to Millikin University. Please do not disturb tenants. Contact commercial brokers for all inquiries.
Exterior Features

Levels Two Parking Total 10 Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Gas Water Heater Cooling Central Air Cooling YN Yes Heating Gas Heating YN Yes

Property Features

Lease Considered YN No Possession Closing Property Sub Type Retail Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 9509 Tax Legal Description WM BANDYS ADD E 1 /2 LT 12 ALL L 13 & 14 & W 7 LT 15 BLK 5 248 W MAIN ST TIF 99 BK2878 /860 150 X110.125 99 BK2872 /761 Tax Year 2022 Tenant Pays All Utilities Water Source Public Zoning COM

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Zane Peterson of Main Place Real Estate: 217-422-3335.


© 2024 Central Illinois Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Main Place Real Estate. Data last updated: 2024-03-01T00:27:44.493.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523