Skip To Content
    Return to Previous Page

    445 N Franklin Street

    Decatur, IL 62523
    • $1,200,000
    • STATUS: Active
    • ON SITE: 319 days
    • MLS #: 6198933
    UPDATED: 53 min ago
    $1,200,000
    • 0
      BEDS
    • 1.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1916
    County:
    Area:

    School Ratings & Info

    Description

    Magnificent downtown commercial property. Perfect opportunity for a value-add investor or owner occupied user. Tenants and lease spaces offer a mix of office, retail, and even two apartment units! The property is located in the heart of Downtown Decatur on the corner of North Franklin Street and East Eldorado Street. Zoning is B4 and property situated in an Opportunity Zone and Macon County Enterprise Zone. Located directly across the street from the Decatur Civic Center and ADM City Center. Each Lease space comes with private parking and ample parking for customers as well. The property has a total of three parcels, including historic theater (built in 1916), City Plaza (multi-tenant mixed use, built in 1949), and corner parking lot (future development opportunity). The City Plaza property was extremely well built and well maintained. The building was originally designed for a third floor addition. Contact commercial brokers for investment inquiries.

    Monthly Payment Calculator



    © 2020 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: 2020-11-30T10:27:39.92.
    www.mainplace.us/homes/102329096
    Print Image

    445 N Franklin Street Decatur, IL 62523

    • Price: $1,200,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 6198933
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.59
    Acres
    1916
    Built
    Neighborhood:
    Decatur
    County:
    Macon
    Area:
    Decatur
    Property Description
    Magnificent downtown commercial property. Perfect opportunity for a value-add investor or owner occupied user. Tenants and lease spaces offer a mix of office, retail, and even two apartment units! The property is located in the heart of Downtown Decatur on the corner of North Franklin Street and East Eldorado Street. Zoning is B4 and property situated in an Opportunity Zone and Macon County Enterprise Zone. Located directly across the street from the Decatur Civic Center and ADM City Center. Each Lease space comes with private parking and ample parking for customers as well. The property has a total of three parcels, including historic theater (built in 1916), City Plaza (multi-tenant mixed use, built in 1949), and corner parking lot (future development opportunity). The City Plaza property was extremely well built and well maintained. The building was originally designed for a third floor addition. Contact commercial brokers for investment inquiries.
    Exterior Features

    Exterior Features Business District Lake Front Yn No Number Of Drive In Doors 0 Number Of Overhead Doors 0 Number Of Parking Spaces 50 Road Frontage 880

    Interior Features

    Cooling Central Heating Other Sq Ft Building 43000 Sqft Other 0 Total Above Grade Sqft 0

    Property Features

    Business Name City Plaza Commercial Lease Sale & Lease Gross Scheduled Income 171000.00 Lease Yn Yes Lot Size Square Feet 60000.00 Office Sqft 39439 Owner Pays OtherWater Property Sub Type Other Restrictions Yn No Sewer Desc City SewerSepticsystem Special Listing Conditions None Subdivision Yn No Tax Amount 30774.42 Tax Year 2018 Water Heater Other Water Source Public Zoning B-4

    Listing information © 2020 Central Illinois Board of Realtors MLS.
    Listing provided courtesy of Zane Peterson of Main Place Real Estate.


    © 2020 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: 2020-11-30T10:27:39.92.
     
    https://bt-photos.global.ssl.fastly.net/cibr/orig_boomver_1_6198933-2.jpg https://bt-photos.global.ssl.fastly.net/cibr/orig_boomver_1_6198933-2.jpg https://bt-photos.global.ssl.fastly.net/cibr/orig_boomver_1_6198933-2.jpg
    Logo
    Main Place Real Estate
    101 S Main Street, Suite 103
    Decatur IL, 62523