410 N Water St
Decatur, IL 62523
Property For Lease

Magnificent downtown commercial property, now available for sale. This is the perfect opportunity for a value-add investor or owner occupied user. Tenants and lease spaces offer a mix of office, retail, and even two apartment units! The property is located in the heart of Downtown Decatur on the corner of North Franklin Street and East Eldorado Street. Zoning is B4 and property situated in an Opportunity Zone and Macon County Enterprise Zone. Located directly across the street from the Decatur Civic Center and ADM City Center. Each Lease space comes with private parking and ample parking for customers as well. The property has a total of three parcels, including historic theater (built in 1916), City Plaza (multi-tenant mixed use, built in 1949), and corner parking lot (future development opportunity). The Avon movie theater offers three showing screens and is the anchor tenant. Leasing both the historic theater building and additional space in the City Plaza building. Other long term tenants include WEJT Cromwell Radio Group, Decatur CVB, Stifel Financial, and State Beauty Supply. Currently three additional spaces are available for lease ranging from 1,200 square feet to 3,400 square feet. The City Plaza property was extremely well built and originally designed for a third floor addition. Lower level office space has great floor plan and is in a quiet secluded area. Located on the corner of Water St, and North St right in the heart of Downtown Decatur. This space includes a wide variety of different sized offices and conference rooms and has employee lounge and kitchen. Rare downtown street level office space for lease. 1200 sq. ft. of office space available with two private offices a reception area, and another bigger conference room. Parking is available at the door and in the private north lot for tenants and customers. Private entrance to the office for employees. The lease space also offers a small kitchen area and private bathroom. This Lease opportunity is located in the beautiful Downtown Decatur and offers 2600 sq. ft. of street level space. This property is highly viable and is perfect for an office or retail use. Ample parking available including customer parking at the front door! Signage also comes with this lease space. Floor plan includes two larger separate offices, large open reception area, and restrooms towards the back. Formerly a bank, this space is wired with fully equipped security system, fiber optics included, all that is need is DVR. Build to suit options may be available upon negotiation. Location: The City of Decatur is located in Macon County in the central region of Illinois. Decatur is approximately 40 miles west of Champaign-Urbana (University of Illinois), 40 Miles south of Bloomington (Illinois State University and State Farm), and 40 miles east of Springfield (Illinois State Capitol). Decatur is part of the Decatur Metropolitan Statistical Area (MSA). The region is served by an extensive transportation network. Parts of this transportation system includes Interstate 72, US Highway 51, and other state routes creating a motor freight system that overlays an extensive rail network. Decatur is home to the Midwest Inland Port ( https://www.midwestinlandport.com/ ) This inter modal transportation hub has direct access to four railroads connecting all North American rail networks. Decatur’s central location offers logistic synergies and an abundant labor force. Decatur is home to the North American headquarters of Archer Daniels Midland (ADM) and the Global Mining Division of Caterpillar (CAT) which are the two largest employers in Decatur. Tate & Lyle (TATYF) is another industry driver in Decatur. They process grain into food grade meals, oils or other biproducts. Other significant employers are Decatur Public School District, Decatur Memorial Hospital, HSHS St. Mary’s Hospital, and Millikin University. Decatur is an industrial town as far as business sectors, but 58% of the work force is white collar, 25% blue collar and 17% in services. 57% of the population has some college or bachelor’s degree or higher education