
Description
This prime mixed-use property on historic West Main Streetjust minutes from downtown Decatur and Millikin Universityoffers an exceptional investment opportunity or the perfect blank canvas to bring your business vision to life. The main floor has been fully gutted and is ready for a new owner to build to suit, whether it be retail, office, studio, or another exciting venture. With over 7,800 square feet on the main level and a spacious basement (formerly used as a lab), there's ample room to customize and expand. Upstairs, the eight fully renovated apartments are 100% leased, bringing in over $8,600 in monthly income. These units include a mix of studios, one-bedrooms, and a two-bedroom, all featuring high-end LVT flooring, porcelain-tiled bathrooms, modern kitchens with granite countertops and stainless steel appliances, fire-rated doors, window treatments, updated lighting, and so much more. Whether you're looking to expand your investment portfolio or open your own space in a high-visibility location, this property combines steady income with serious potential.
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0BEDS
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0.55ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This prime mixed-use property on historic West Main Streetjust minutes from downtown Decatur and Millikin Universityoffers an exceptional investment opportunity or the perfect blank canvas to bring your business vision to life. The main floor has been fully gutted and is ready for a new owner to build to suit, whether it be retail, office, studio, or another exciting venture. With over 7,800 square feet on the main level and a spacious basement (formerly used as a lab), there's ample room to customize and expand. Upstairs, the eight fully renovated apartments are 100% leased, bringing in over $8,600 in monthly income. These units include a mix of studios, one-bedrooms, and a two-bedroom, all featuring high-end LVT flooring, porcelain-tiled bathrooms, modern kitchens with granite countertops and stainless steel appliances, fire-rated doors, window treatments, updated lighting, and so much more. Whether you're looking to expand your investment portfolio or open your own space in a high-visibility location, this property combines steady income with serious potential.
© 2025 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: 2025-06-16T17:27:46.873.