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1501 N Water St, Decatur, IL

Real Estate

For Sale

Listed price in listed location currency (USD).
$199,900

0026

MLS® 6254187

  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $2,156
Days Active 103
Approx. Age 1978
MLS® Number 6254187

Property Address: 1501 N Water St, Decatur, IL, 62526-4441

Average square foot calculated using Size range provided by listing agent.

Description

All-brick, single-story office building available for sale or lease on high-traffic Route 51 with over 10, 000 vehicles per day, just one mile north of downtown Decatur. Formerly used as a medical clinic, the building offers a flexible interior layout, partial basement with full bathroom ideal for storage, and professional curb appeal with a concrete parking lot. Significant updates completed in 2024 include a new roof, new gutters, new 5-ton AC unit, two new 96% efficiency furnaces, a built-in microwave oven, and compliance with Decatur’s updated fire code (passed August 2024). Seller financing / Contract for Deed (CFD) available with acceptable down payment—contact brokers for terms. A great opportunity for owner-users or investors seeking visibility, functionality, and recent capital improvements.
MLS® Number6254187
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1978
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 18, 2025List Date
$199,900List Price
-End Date
Not Sold YetSold Price

For Rent

Sep 8, 2025List Date
$3,000List Price
  • Commute

Commute

Starting Address
Destination Address
1501 N Water St, Decatur, IL

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