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2875 N WATER – DECATUR 2875 N Water St 6,050 SF of Retail Space Available in Decatur, IL 62526
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 6,050 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $96,800 /YR $8,067 /MO | Modified Gross |
1st Floor
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for Lease this retail space located in Decatur IL. The building was originally constructed in 1977 and was renovated in the last couple of years. The space was last occupied by Memorial Health Systems as a medical supply store. The east portion of the space is currently set up as a large retail area with 2 larger rooms, 2 offices, kitchenette, and two public facing restrooms. The west portion of the space is a large open area with an additional employee restroom, and mechanical room. The property features B2 – Commercial zoning which allows for a wide variety of commercial businesses. The property is located just south of the prime retail shopping district of Main/Water/Bus Us 51 & Pershing Ave. Water/Bus US 51 North is a one way street through Decatur, heading north from south-central IL to Bloomington IL. The area features traffic counts of over 42,000 cars per day and many national, regional, and local tenants. Decatur is conveniently located 123 miles from St. Louis (northeast via I-55/IL-48) 177 miles from Chicago (south via I-57 or I-55), 155 miles from Indianapolis (west via I-72/I-74), 45 miles from Champaign (west via I-72), 46 miles from Bloomington (south via US 51) & 44 miles from Springfield (east via I-72).
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 6,050 SF | Gross Leasable Area | 6,050 SF |
| Property Type | Retail | Year Built | 1977 |
| Property Subtype | Freestanding | Parking Ratio | 5.95/1,000 SF |
| Total Space Available | 6,050 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,050 SF |
| Year Built | 1977 |
| Parking Ratio | 5.95/1,000 SF |
About the Property
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for Lease this retail space located in Decatur IL. The building was originally constructed in 1977 and was renovated in the last couple of years. The space was last occupied by Memorial Health Systems as a medical supply store. The east portion of the space is currently set up as a large retail area with 2 larger rooms, 2 offices, kitchenette, and two public facing restrooms. The west portion of the space is a large open area with an additional employee restroom, and mechanical room. The property features B2 – Commercial zoning which allows for a wide variety of commercial businesses.
Nearby Major Retailers
Contacts
-
AJ Thoma III -
Dana Flinn-Freeland -
Coldwell Banker Commercial Devonshire Realty
