Map of Property

Two-Tenant Investment Opportunity

For Sale

1021 & 1027 N Water St, Decatur, IL 62523

This Decatur property for sale is located at 1021 & 1027 N Water St. The current listed sale price for Two-Tenant Investment Opportunity is $2,236,146. Two-Tenant Investment Opportunity is situated on a lot that is 1.2 acre in size.

Contacts

Zane Peterson

Main Place Properties

Property Details

  • Property Type Retail - Street Retail
  • Property Size 21,263 SF
  • Units 2
  • Lot Size 1.2 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1980
  • Date Updated Sep 29, 2026
High-visibility multi-tenant retail investment property along North Water Street in Decatur, Illinois, with surface parking, billboard income, and adjacent excess land.Proudly presented in cooperation with Matthews Real Estate Investment Services. Introducing a prime retail investment opportunity at 1021 & 1027 N Water St, Decatur, IL. This fully occupied property is strategically located in a B2-zoned area, offering a lucrative proposition for retail investors. Boasting 100% occupancy, this high-potential asset provides a stable income stream with strong tenant retention. With its sought-after location and strong tenant base, this property presents a compelling opportunity for investors seeking retail and street retail assets. Don't miss out on this chance to add a flourishing retail property to your investment portfolio.
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Highlights

  • 100% occupied by two established tenants with NNN and Modified Gross leases
  • Adjacent ±0.39-acre parcel included with 70 parking spaces for future flexibility
  • Anchored by CSL Plasma and Illinois Department of Human Services for reliable cash flow
  • CSL Plasma paying $5.00/SF well below market, offering significant mark-to-market upside
  • Positioned along N. Water Street (±12,400 VPD) near Kroger, Aldi, McDonald's, and more
  • Two on-site billboards generate additional passive income and diversified revenue

Attachments

Getting around

  • 75/100

    Walk Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Decatur, IL
  • Neighborhood Old King's Orchard
  • Zip Code 62523

Points of Interest

  • Mobil

    1.02 miles

  • Huck's Food & Fuel

    1.64 miles

  • Marathon;Circle K

    1.71 miles

  • Kroger

    1.78 miles

  • County Market Express

    2.02 miles

  • Circle K

    2.06 miles

  • Corner Gas Station

    2.16 miles

  • Casey's General Store

    2.41 miles

  • Shell

    3.96 miles

  • Lot M1

    0.94 miles

  • Lot M2

    1.03 miles

  • Lot M3

    1.04 miles

  • Lot M4

    1.05 miles

  • Lot M5

    1.22 miles

  • Lot M7

    1.28 miles

  • Lot M8

    1.32 miles

  • Lot M10

    1.36 miles

  • Lot M9

    1.37 miles

  • Lot M11

    1.39 miles

  • McDonald's

    0.89 miles

  • Krekel's Custard

    0.91 miles

  • Pizza Hut

    0.91 miles

  • Subway

    0.95 miles

  • PT's BBQ

    1.02 miles

  • Head West

    1.21 miles

  • Einstein Bros. Bagels

    1.24 miles

  • Jimmy John's

    1.25 miles

  • University Dogs

    1.25 miles

  • Domino's

    1.26 miles

  • Save-A-Lot

    1.68 miles

  • Kroger

    1.83 miles

  • County Market

    2.09 miles

  • Target

    2.68 miles

  • Walmart Supercenter

    3.34 miles

  • Kohl's

    4.51 miles

  • Hickory Point Mall

    4.59 miles

  • Von Maur

    4.60 miles

  • ALDI

    4.69 miles

Contact Listing Broker
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