Map of Property

The Garden Apartments

540 W Main Street, Decatur, IL 62522

  • For Sale $395,000
  • Property Type Multi-Family
  • Property Size 8,763 SF
  • Units 9
  • Lot Size 0.22 Acre
  • Year Built 1961
  • Year Renovated 2016
  • Date Updated May 5, 2025
Located in the Old Town area of Decatur. Only a few short blocks to downtown Decatur to the East and Millikin University to the West.The Garden Apartment building is a 9 unit low-rise multifamily property. Mid-century design with all brick and steel construction. Nice sized units (6 two bedroom units & 3 one bedrooms). All units on separate electric meters. Shared coin operated washer/dry in basement. 6 covered parking spaces with additional ample street parking. All units have been refurbished with new flooring, paint, fixtures, and appliances. Only blocks away from Downtown Decatur to the East and Millikin University to the West. Capital improvements in the last 10 years included new boiler, furnace, water heater, and all new appliances. Stabilized third-party property management is in place. A profitable opportunity awaits for the right investor! Contact investment broker for all inquiries.
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Highlights

  • 9.2% CAP rate with stabilized management
  • Refurbished units: newer flooring, paint, fixtures, appliances
  • Prime central location near Downtown Decatur & Millikin University
  • Solid brick/steel construction with key system upgrades

Contacts

broker
Zane Peterson

Main Place Properties

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • City Decatur, IL
  • Neighborhood Near West Decatur
  • Zip Code 62522

Points of Interest

  • Mobil

    0.57 miles

  • Corner Gas Station

    1.36 miles

  • Circle K

    1.42 miles

  • Casey's General Store

    1.61 miles

  • Huck's Food & Fuel

    1.97 miles

  • Marathon;Circle K

    2.18 miles

  • Kroger

    2.50 miles

  • County Market Express

    2.82 miles

  • Shell

    3.54 miles

  • Lot M1

    0.45 miles

  • Lot M2

    0.46 miles

  • Lot M3

    0.47 miles

  • Lot M4

    0.49 miles

  • Lot M5

    0.50 miles

  • Lot M10

    0.67 miles

  • Lot M8

    0.70 miles

  • Lot M9

    0.73 miles

  • Lot M7

    0.74 miles

  • Lot M11

    0.80 miles

  • INTOWN MOTEL

    1.09 miles

  • Soy City Motel

    1.65 miles

  • Decatur Inn

    2.54 miles

  • Sandy's Motel

    2.88 miles

  • Lakeview Motel

    3.09 miles

  • Americas Best Value Inn

    3.56 miles

  • Baymont Decatur

    4.77 miles

  • Hampton Inn Decatur Mt. Zion

    4.79 miles

  • Country Inn & Suites

    4.86 miles

  • Holiday Inn Express

    4.87 miles

  • Pizza Hut

    0.46 miles

  • McDonald's

    0.48 miles

  • Subway

    0.50 miles

  • Head West

    0.53 miles

  • University Dogs

    0.55 miles

  • Domino's

    0.56 miles

  • Jimmy John's

    0.57 miles

  • PT's BBQ

    0.61 miles

  • Einstein Bros. Bagels

    0.64 miles

  • Krekel's Custard

    0.89 miles

  • Saint Pauls School

    0.17 miles

  • Millikin University

    0.60 miles

  • Saint Patricks School

    0.69 miles

  • Saint James School

    0.76 miles

  • Dennis Elementary School

    1.01 miles

  • Johns Hill Magnet School

    1.11 miles

  • MacArthur High School

    1.20 miles

  • Riverside School

    1.21 miles

  • Saint Johns School

    1.35 miles

  • Durfee Elementary School

    1.52 miles

  • Baby Talk

    1.21 miles

  • Kids-N-Fitness

    1.24 miles

  • Decatur Daycare

    2.00 miles

Frequently Asked Questions

How much does The Garden Apartments cost?

The space currently listed for sale at The Garden Apartments asks for $395,000.

What is the total square footage of The Garden Apartments?

The Garden Apartments totals 8,763 square feet.

When was this property built?

The Garden Apartments was built in 1961.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Zane Peterson

Main Place Properties

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