Map of Property

Downtown TIF District

248-252 North Park Street, Decatur, IL 62523

  • For Sale $695,000
  • Property Type Retail - Street Retail
  • Property Size 11,884 SF
  • Units 7
  • Lot Size 0.12 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 17, 2024
Downtown Decatur overlooking Central Park and in the newly adopted Downtown TIF district.A unique mix-used investment package in the heart of Downtown Decatur is now available! Three continuous buildings overlooking the beautiful Central Park. In total, this property features three street-level commercial spaces, two spacious apartments, and an additional two floors of untapped, raw multifamily development potential. Currently, two of the three commercial spaces are occupied, with lease renewal terms commencing January 2025. The third retail space, formerly a Subway, is ready for a new tenant with modern finishings and restaurant grade infrastructure in place. The residential portion includes two 2-bedroom, 1-bathroom apartments. Both units offer stunning views of Central Park, adding to their demand and appeal for the rental professional. This property presents an incredible opportunity to expand your investment portfolio while securing real estate in a prime downtown location. Incentives available - property is situated in the newly adopted Downtown TIF District. Value-add upside, with current stabilized cash-flow. Don't miss out on this chance to generate multiple streams of revenue in Decatur's central city center!
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Contacts

broker
Zane Peterson

Main Place Properties

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Decatur, IL
  • Neighborhood Decatur Central Bussines District
  • Zip Code 62523

Points of Interest

  • Mobil

    1.02 miles

  • Huck's Food & Fuel

    1.47 miles

  • Circle K

    1.50 miles

  • Corner Gas Station

    1.73 miles

  • Casey's General Store

    2.01 miles

  • Marathon;Circle K

    2.25 miles

  • Kroger

    2.35 miles

  • County Market Express

    2.52 miles

  • Shell

    4.03 miles

  • Lot M1

    0.90 miles

  • Lot M2

    0.94 miles

  • Lot M3

    0.95 miles

  • Lot M4

    0.97 miles

  • Lot M5

    1.01 miles

  • Lot M10

    1.18 miles

  • Lot M8

    1.20 miles

  • Lot M7

    1.23 miles

  • Lot M9

    1.24 miles

  • Lot M11

    1.30 miles

  • Krekel's Custard

    0.44 miles

  • PT's BBQ

    0.44 miles

  • McDonald's

    0.89 miles

  • Pizza Hut

    0.90 miles

  • Subway

    0.94 miles

  • Head West

    1.03 miles

  • University Dogs

    1.06 miles

  • Domino's

    1.07 miles

  • Jimmy John's

    1.08 miles

  • Einstein Bros. Bagels

    1.14 miles

  • Kroger

    1.52 miles

  • Save-A-Lot

    1.55 miles

  • County Market

    2.59 miles

  • Target

    3.26 miles

  • Walmart Supercenter

    3.91 miles

  • ALDI

    4.35 miles

  • Kohl's

    5.09 miles

  • Hickory Point Mall

    5.17 miles

  • Von Maur

    5.17 miles

Frequently Asked Questions

How much does Downtown TIF District cost?

The space currently listed for sale at Downtown TIF District asks for $695,000.

What is the total square footage of Downtown TIF District?

Downtown TIF District totals 11,884 square feet.

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Contact Listing Broker
broker
Zane Peterson

Main Place Properties