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2950 Water Street

Decatur, IL 62526
  • $1,250,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 6245210
UPDATED: 37 min ago
$1,250,000
  • 0
    BEDS
  • 1.67
    ACRES
  • 20
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1990
County:
Area:

School Ratings & Info

Description

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.

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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: 2024-10-12T08:27:43.737.
www.mainplace.us/homes/153427225
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2950 Water Street Decatur, IL 62526

  • Price: $1,250,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 37 min ago
  • MLS #: 6245210
0
Beds
20
Baths
0
½ Baths
1.67
Acres
1990
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
Property Description
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.
Exterior Features

Foundation Details Crawlspace Levels One Lot Features Business Park Parking Features On Site Parking Total 100 Road Frontage Type City Street State Road Roof Rubber Waterfront YN No

Interior Features

Above Grade Finished Area 0 Appliances Gas Water Heater Basement Crawl Space Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes Interior Features Home Office

Property Features

Building Features Handicap Access Management On Site Management Community Features Common Grounds / Area Street Lights Sidewalks Electric Other Gross Scheduled Income 155908.4 Lease Considered YN Yes Net Operating Income 109374 Operating Expense 46533.74 Owner Pays Other Taxes Water Possession Closing Property Sub Type Retail Security Features Security System Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 30340 Tax Legal Description SUBD LT 1 NW1 /4 E430.75 OF W479.75 S168.84 N434.94 LT 3 Tax Year 2022 Water Source Public Zoning COM

Listing information © 2024 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Cole Babcock of Vieweg RE/Better Homes & Gardens Real Estate-Service First: (217) 450-8500.


© 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: 2024-10-12T08:27:43.737.
 
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Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523