Map of Property

155 N Water St

For Sale

155 N Water St, Decatur, IL 62523

This Decatur property for sale is located at 155 N Water St. The general use of 155 N Water St is office and it incorporates 7,650 square feet of class A office space. The current listed sale price for 155 N Water St is $545,000. 155 N Water St is situated on a lot that is 0.18 acre in size.

Contacts

broker
Cole Babcock

Vieweg Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 7,650 SF
  • Units 4
  • Lot Size 0.18 Acre
  • Parking Spaces Avail. 15
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Renovated 2025
  • Date Updated May 9, 2025
Located in the heart of downtown Decatur, 155 N Water Street offers a premier location surrounded by civic, professional, and retail activity. Positioned just steps from Central Park and within walking distance of the Decatur Civic Center, restaurants, and government offices, this property enjoys high visibility and foot traffic in one of the city's most vibrant corridors. The area is a central hub for commerce and events, making it ideal for professional offices, boutique retail, or service-oriented businesses seeking a prestigious address. The site benefits from ample nearby parking, easy access to Route 51 and U.S. 36, and close proximity to Millikin University and major employers. Whether for a business looking to plant roots in Decatur’s business district or a tenant looking to capitalize on downtown revitalization, 155 N Water Street offers unmatched convenience, exposure, and connectivity in a walkable urban setting.Positioned on one of the most prominent corners in downtown Decatur, 155 N Water Street is a fully leased commercial property offering exceptional visibility and long-term value. The building has seen significant capital improvements, including a brand-new roof and HVAC system installed in 2023, ensuring modern infrastructure and operational efficiency. Over the past five years, three interior buildouts have been completed, reflecting ongoing investment and the property’s adaptability to a range of professional and retail tenants. This turnkey asset stands at the center of downtown activity, surrounded by restaurants, offices, and public institutions, making it one of the most desirable corners in the city’s urban core. With 100% occupancy and a proven history of maintenance and upgrades, 155 N Water Street presents an outstanding opportunity for investors seeking stable income in a high-visibility, walkable location.
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Getting around

  • 82/100

    Walk Score ®

  • 69/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Decatur, IL
  • Neighborhood Decatur Central Bussines District
  • Zip Code 62523

Points of Interest

  • Mobil

    0.96 miles

  • Circle K

    1.43 miles

  • Huck's Food & Fuel

    1.54 miles

  • Corner Gas Station

    1.64 miles

  • Casey's General Store

    1.92 miles

  • Marathon;Circle K

    2.27 miles

  • Kroger

    2.41 miles

  • County Market Express

    2.60 miles

  • Shell

    3.96 miles

  • Lot M1

    0.84 miles

  • Lot M2

    0.87 miles

  • Lot M3

    0.88 miles

  • Lot M4

    0.90 miles

  • Lot M5

    0.93 miles

  • Lot M10

    1.10 miles

  • Lot M8

    1.13 miles

  • Lot M7

    1.16 miles

  • Lot M9

    1.16 miles

  • Lot M11

    1.23 miles

  • INTOWN MOTEL

    0.67 miles

  • Soy City Motel

    1.22 miles

  • Decatur Inn

    2.46 miles

  • Sandy's Motel

    2.64 miles

  • Lakeview Motel

    2.70 miles

  • Americas Best Value Inn

    3.98 miles

  • Hampton Inn Decatur Mt. Zion

    4.42 miles

  • Hawthorn Suites

    4.59 miles

  • Baymont Decatur

    4.68 miles

  • Holiday Inn Express

    4.79 miles

  • Kroger

    1.46 miles

  • Save-A-Lot

    1.63 miles

  • County Market

    2.67 miles

  • Target

    3.31 miles

  • Walmart Supercenter

    3.98 miles

  • ALDI

    4.39 miles

  • Kohl's

    5.15 miles

  • Hickory Point Mall

    5.22 miles

  • Von Maur

    5.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cole Babcock

Vieweg Real Estate

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