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248-252 N Park St
Decatur, IL 62523
248-252 N. Park Street Decatur, IL 62523 · Retail Property For Sale
Investment Highlights
- Three continuous buildings overlooking the beautiful Central Park
- Two of the three commercial spaces are occupied, with lease renewal terms commencing January 2025
- The residential portion includes two 2-bedroom, 1-bathroom apartments
- Features three street-level commercial spaces, two spacious apartments, and an additional two floors of untapped, multifamily development potential
- Incentives available - property is situated in the the newly adopted Downtown TIF District
- Value-add upside, with current stabilized cash-flow
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,884 SF
Building Class
C
Year Built
1890
Tenancy
Single
Building Height
3 Stories
Building FAR
2.18
Lot Size
0.12 AC
Zoning
B4 - Commercial Business Zoned for office/retail in the TIFF DISTRICT in the heart of downtown Decatur across from the city Central Park
Frontage
23’ on North Park Street
Amenities
- 24 Hour Access
Property Taxes
| Parcel Numbers | Improvements Assessment | $121,881 | |
| Land Assessment | $8,978 | Total Assessment | $130,859 |
Property Taxes
Parcel Numbers
Land Assessment
$8,978
Improvements Assessment
$121,881
Total Assessment
$130,859
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