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215 E Maryland Heights Rd
Decatur, IL 62526
Land For Sale
·
1.82 AC

Investment Highlights
- Positioned between Walmart Supercenter and Target in Decatur's retail corridor.
- Access from multiple directions supports customer and tenant convenience.
- Commercial outparcel development opportunity totaling 1.82 acres.
- Site configuration offers potential for two separate development outlots.
Executive Summary
This 1.82-acre commercial outparcel assemblage presents an opportunity to acquire one of the remaining development sites within Decatur's established retail corridor. Located along North Water Street/US Highway 51, the property benefits from visibility along a major commercial thoroughfare carrying approximately 21,050 vehicles per day. The site's position between Walmart Supercenter and Target places it within a concentration of regional retail activity that serves residents throughout the Decatur market area.
The property's frontage and configuration provide flexibility for a variety of commercial development concepts. According to the marketing materials, the site offers the potential to create two separate development outlots, allowing users or investors to explore multiple development strategies. Access to the corridor from multiple directions further supports customer convenience and operational functionality.
Surrounding commercial activity, established traffic patterns, and proximity to major national retailers contribute to the property's visibility and exposure. The location along Decatur's primary north-south commercial corridor provides connectivity to the broader community while positioning future development within an area already recognized by consumers as a retail destination.
With limited remaining development opportunities in this portion of the corridor, the property offers a combination of visibility, accessibility, and proximity to established retail demand generators. The site's commercial zoning context and placement among existing national retailers support a range of future commercial uses, subject to municipal approvals and development requirements.
The property's frontage and configuration provide flexibility for a variety of commercial development concepts. According to the marketing materials, the site offers the potential to create two separate development outlots, allowing users or investors to explore multiple development strategies. Access to the corridor from multiple directions further supports customer convenience and operational functionality.
Surrounding commercial activity, established traffic patterns, and proximity to major national retailers contribute to the property's visibility and exposure. The location along Decatur's primary north-south commercial corridor provides connectivity to the broader community while positioning future development within an area already recognized by consumers as a retail destination.
With limited remaining development opportunities in this portion of the corridor, the property offers a combination of visibility, accessibility, and proximity to established retail demand generators. The site's commercial zoning context and placement among existing national retailers support a range of future commercial uses, subject to municipal approvals and development requirements.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.82 AC |
| Property Type | Land | ||
| Zoning | MUNICIPAL | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.82 AC |
| Zoning | MUNICIPAL |
1 Lot Available
Lot
| Price | $995,000 | Lot Size | 1.82 AC |
| Price Per AC | $546,703.30 |
| Price | $995,000 |
| Price Per AC | $546,703.30 |
| Lot Size | 1.82 AC |
Description
The property consists of approximately 1.82 acres across three parcels located at 215 & 235 E Maryland Heights Road and 4050 N Water Street in Decatur, Illinois. The site is situated along North Water Street/US Highway 51 and is positioned between Walmart Supercenter and Target. Marketing materials indicate traffic counts of approximately 21,050 vehicles per day along the adjacent corridor and note potential for development as one or two commercial outlots.
Property Taxes
| Parcel Number | 07-07-26-302-001 | Improvements Assessment | $0 |
| Land Assessment | $4,559 | Total Assessment | $4,559 |
Property Taxes
Parcel Number
07-07-26-302-001
Land Assessment
$4,559
Improvements Assessment
$0
Total Assessment
$4,559
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