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228-248 W Main Street Decatur, IL $ 795,000
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228-248 W Main Street
$ 795,000
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228-248 W Main Street

Decatur, IL, 62521
$ 795,000
Baths0.0

Monthly Estimate*

$ 4,895

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Studio

Lots and Land for sale in Decatur, IL

for $795,000. The lot size is 0.37.

RARE downtown investment opportunity has hit the market! This thirteen-unit mixed-use property offers six retail storefronts at street level and seven upstairs apartments, along with an off-street parking lot on the north side. Most units are individually metered, with landlord responsibilities varying by lease. With room to grow income through future rent adjustments and a prime location on historic West Main Street near Millikin University, this property is full of potential. Please do not disturb tenants.

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Lots and Land Active

Price

$ 795,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 10,428

Style

Commercial,Multi-Family,Retail

Lot Size

0.37

Town/City

Decatur

County/Region

Macon

MLS | Web ID

12637996
Features
General
Heating Natural Gas
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Township Decatur
Tax Year 2025
Current Use Commercial Multi-Family Retail
Ownership Fee Simple
County Macon
Property Type Land Land
Possible Use Commercial Multi-Family Other
Status Active
Directions Head to 228-248 W Main St Decatur IL 62521 by getting onto the nearest major highway toward Decatur-most routes will involve taking I-94 or I-196 to connect with I-55 South then transitioning to US-5
City Decatur
High School District 61
MLS Area Decatur
Tax Annual Amount 10428.2
Standard Status Active
Middle/Junior School District 61
Elementary School District 61
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Exterior
Water Source Municipal Water
Total Parking 0
Lot Dimensions 100ft 161 ft 80 ft 201 ft 120 ft 134 ft
Lot Size Acres 0.37
Road Surface Type Concrete
Frontage Length 248
Frontage Type City Street
Waterfront Y/N N
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Interior
Total Baths 0
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* Excluded Features
List By
Cove Realty Inc

Broker

mitch@covesrealty.com;mitch@covesrealty.com

Email

Affordability Calculator

$5,764
Per Month
85%
15%
0%
Monthly Principal & Interest
$4,895
Monthly Property Taxes
$869
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3591104 Elementary School
3591103 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2026$795,000 Listed Price

Map

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228-248 W Main Street, Decatur, IL, 62521 is a Lots and Land for sale at $795,000 with a lot size of 0.37. 228-248 W Main Street is a studio with 0.0 baths. The property's zip code is 62521 which is in Decatur, IL

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