$695,000
248-252 N Park Street Decatur, IL 62523
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$695,000
Est. payment /mo
1,742 Sqft Lot
Active
248-252 N Park Street Decatur, IL 62523
UPDATED:
10/08/2024 05:07 AM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12178711
Year Built 1890
Annual Tax Amount $11,711
Tax Year 2023
Lot Size 1,742 Sqft
Property Description
A unique mix-used investment package in the heart of Downtown Decatur is now available! Three continuous buildings overlooking the beautiful Central Park. In total, this property features three street-level commercial spaces, two spacious apartments, and an additional two floors of untapped, raw multifamily development potential. Currently, two of the three commercial spaces are occupied, with lease renewal terms commencing January 2025. The third retail space, formerly a Subway, is ready for a new tenant with modern finishings and restaurant grade infrastructure in place. The residential portion includes two 2-bedroom, 1-bathroom apartments. Both units offer stunning views of Central Park, adding to their demand and appeal for the rental professional. This property presents an incredible opportunity to expand your investment portfolio while securing real estate in a prime downtown location. Incentives available - property is situated in the the newly adopted Downtown TIF District.
Location
State IL
County Macon
Interior
Fireplace N
Exterior
Utilities Available Water-Municipal
Waterfront false
View Y/N true
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Zane Peterson • Main Place Real Estate
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