Downtown TIF District

248-252 North Park Street, Decatur, IL 62523

Property Information

  • For Sale $675,000
  • Property Type Retail - Street Retail
  • Property Size 11,884 SF
  • Units 7
  • Lot Size 0.12 Acre
  • Year Built 1890
  • Date Updated Sep 21, 2026

Description

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. All commercial spaces are currently leased. 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!

Contacts

Location

Located at 248-252 North Park Street, Decatur, IL 62523, this property is part of the Decatur Central Bussines District neighborhood.

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