160-190 N Merchant StreetPrice Reduced

Decatur, IL 62523 · Decatur · MLS #6258578

$495,000
Listed 123 days ago
Save
Acres
0.1
Type
CommercialSale
Status
Active

Historic mixed-use investment opportunity in the heart of Downtown. The 'Post Building', originally constructed in 1888, is a three-story brick storefront property surrounded by downtown dining, boutiques, entertainment, offices, public services, and civic activity. The building includes a mix of restaurant, retail, office, and residential, offering both stabilized income potential and upside through lease-up of available space. The property totals approximately 12,291 square feet and features multiple street-level commercial spaces, upper-floor office/flex space, and a furnished apartment currently used for corporate housing and short-term rental guests. The first floor is configured for two storefront commercial spaces and common area with elevator and staircase. Street level spaces include Goodfella's Cigars and a vacant space that was longtime home to downtown pizza and pub operation. Upper levels spaces include an office lease, Taproot Restaurant, and residential loft.

Features

Water Heater

Property Details

Price
$495,000
MLS #
6258578
Status
Active
Type
CommercialSale
Subtype
Retail
Subdivision
Decatur
Listed Date
May 14, 2026
Lot Size
4,328 sqft / 0.10 acres
Year Built
1880
County
Macon
Zoning
COM
Parcel Number
04-12-15-282-041

Interior

Above Grade Finished Area
0
Appliances
Water Heater
Cooling
Other
Heating
Other
Levels
Three Or More

Exterior

Stories
3
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$3,151/mo
$2,635 principal & interest$516 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2024
Taxes
$6,196

Market Summary

Current real estate data for CommercialSale in Decatur as of Sep 14, 2026, from all participating CIBR offices.

CommercialSale Listed
35
Avg Days on Market
273
Avg List Price
$604,717

Location

See this listing

Ask a question or request a tour of 160-190 N Merchant Street. We'll get right back to you.

Listed by Main Place Real Estate · 217-422-3335. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/14/2026, 3:23:03 PM (Central Time).