Map of Property

Downtown TIF District

For Sale

248-252 North Park Street, Decatur, IL 62523

This Decatur property for sale is located at 248-252 North Park Street. The current listed sale price for Downtown TIF District is $695,000. Downtown TIF District is situated on a lot that is 0.12 acre in size.

Contacts

broker

Zane Peterson

Main Place Properties

Property Details

  • Property Type Retail - Street Retail
  • Property Size 11,884 SF
  • Units 7
  • Lot Size 0.12 Acre
  • Additional Rent Contact for pricing
  • Date Updated Oct 18, 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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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 80/100

    Walk Score ®

  • 67/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Zane Peterson

Main Place Properties