Skip To Content

334 W Main Street

Decatur, IL 62522
  • $815,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 6251997
UPDATED: 30 min ago
$815,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1963
County:
Area:

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.

Monthly Payment Calculator



© 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.
www.mainplace.us/homes/163778975
Print Image

334 W Main Street Decatur, IL 62522

  • Price: $815,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 30 min ago
  • MLS #: 6251997
0
Beds
0
Baths
0
½ Baths
0.55
Acres
1963
Built
Neighborhood:
Decatur
County:
Macon
Area:
Decatur
Property 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.
Exterior Features

Construction Materials Brick Foundation Details Basement Levels Two Parking Features On Site Parking Total 32 Road Frontage Type Private Road Road Surface Type Asphalt Roof Asphalt Waterfront YN No

Interior Features

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

Property Features

Building Features Handicap Access Kitchen Facilities Community Features Street Lights Sidewalks Gross Scheduled Income 8600 Lease Considered YN Yes Possession Closing Property Sub Type Other Security Features Security System Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 14180.12 Tax Legal Description L 0003 B 12 RES S 1 /2 BLK 12 WESTERN ADD S150 E80 W240 LT 2 & ALL TIF 152 X157 58 04 2 50 0509 000 00 Tax Year 2023 Tenant Pays All Utilities Water Source Public Zoning COM

Listing information © 2025 Central Illinois Board of Realtors MLS.
Listing provided courtesy of Ashley Lamb of Brinkoetter REALTORS®: 217-875-0555.


© 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.
 
https://bt-photos.global.ssl.fastly.net/cibr/orig_boomver_1_6251997-2.jpg https://bt-photos.global.ssl.fastly.net/cibr/orig_boomver_1_6251997-2.jpg https://bt-photos.global.ssl.fastly.net/cibr/orig_boomver_1_6251997-2.jpg
Logo
Main Place Real Estate
101 S Main Street, Suite 700
Decatur IL, 62523