1902 N Water Street Decatur, IL $ 1,950,000
1902 N Water Street
$ 1,950,000
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1902 N Water Street

Decatur, IL, 62526
$ 1,950,000
Bedrooms-- Baths-- Sq 34,000

Monthly Estimate*

$ 13,468

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Commercial Property for sale in Decatur, IL

for $1,950,000. This 34,000 square foot building was built in 1913 on a lot size of 3.5.

Exceptional M-2 zoned industrial property situated on 3.5 acres with outstanding visibility along Business US Route 51/N. Water St. The property features three commercial buildings totaling approx. 33,455 sq ft., plus a 2400 sq.ft. residence, providing tremendous flexibility for a variety of industrial, warehouse, storage or business uses. The main warehouse contains 28,500 sq,ft. and features 4 loading docks and 5 overhead doors. A 100,000 lb truck scale adds additional functionality for trucking, distribution, and industrial operations. This property has undergone extensive improvements, including a full exterior cleanup, new concrete in select areas, rolled millings, and interior and exterior renovations The large fenced and gated lot provides substantial lay-down and outdoor space. Security features include 15 cameras, exterior lighting, and alarm systems on two buildings. The property is serviced with 3 separate single-phase electrical meters, providing flexibility for multiple operations or users. Additional buildings provide office/shop space and excellent opportunities for storage, self-storage operation, indoor or outdoor storage, contractor use, equipment storage, distribution or other M-2 permitted uses. Located on the highly visible US ROUTE 51 corridor, the property benefits from strong daily traffic exposure. IDOT traffic counts exceeding 12,000 vehicles per day.

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 10,011

Style

Lot Size

3.5

Year Built

1913

Town/City

Decatur

County/Region

Macon

MLS | Web ID

12760490

Features
General
Cooling Central Air Partial
Zoning COMMR
Year Built 1913
Electric Separate Meters
Stories Count 1
Township Hickory Point
Tax Year 2025
Gross Income 0
County Macon
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Status New
Directions US Route 51 North Bound.
City Decatur
Number Of Units Total 4
MLS Area Decatur
Lot Size Square Feet 153331
Tax Annual Amount 10011
Additional Parcels Y/N N
Leasable Area 35000
Standard Status Active
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Exterior
Building Area Total 34000
Lot Dimensions 300x438
Lot Size Acres 3.5
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* Excluded Features
List By
Re/Max Rising

Broker

kjromine9@gmail.com

Email

Affordability Calculator

$14,302
Per Month
94%
6%
0%
Monthly Principal & Interest
$13,468
Monthly Property Taxes
$834
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$1,950,000 Listed Price

Map


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1902 N Water Street, Decatur, IL, 62526 is a Commercial Property for sale at $1,950,000 with 34,000 sqft and a lot size of 3.5. 1902 N Water Street was built in 1913. The property's zip code is 62526 which is in Decatur, IL