- For Sale $2,236,146
- Property Type Retail - Street Retail
- Property Size 21,263 SF
- Units 2
- Lot Size 1.2 Acre
- Property Tenancy Multi-Tenant
- Year Built 1980
- Date Updated Sep 21, 2026
Description
High-visibility multi-tenant retail investment property along North Water Street in Decatur, Illinois, with surface parking, billboard income, and adjacent excess land.Proudly presented in cooperation with Matthews Real Estate Investment Services.
Introducing a prime retail investment opportunity at 1021 & 1027 N Water St, Decatur, IL. This fully occupied property is strategically located in a B2-zoned area, offering a lucrative proposition for retail investors. Boasting 100% occupancy, this high-potential asset provides a stable income stream with strong tenant retention. With its sought-after location and strong tenant base, this property presents a compelling opportunity for investors seeking retail and street retail assets. Don't miss out on this chance to add a flourishing retail property to your investment portfolio.
Highlights
- 100% occupied by two established tenants with NNN and Modified Gross leases
- Adjacent ±0.39-acre parcel included with 70 parking spaces for future flexibility
- Anchored by CSL Plasma and Illinois Department of Human Services for reliable cash flow
- CSL Plasma paying $5.00/SF well below market, offering significant mark-to-market upside
- Positioned along N. Water Street (±12,400 VPD) near Kroger, Aldi, McDonald's, and more
- Two on-site billboards generate additional passive income and diversified revenue
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Contacts
Zane Peterson
Main Place Properties
Location
Located at 1021 & 1027 N Water St, Decatur, IL 62523, this property is part of the Old King's Orchard neighborhood.
Contact Listing Broker
Zane Peterson
Main Place Properties
