248-252 N Park StreetNew

Decatur, IL 62523 · MLS #6261692

$1
Listed today
Save
Acres
0.13
Type
CommercialSale
Status
Active

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. All commercial spaces are currently leased. 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 newly adopted Downtown TIF District. Value-add upside, with current stabilized cash-flow. Don't miss out on this chance to generate multiple streams of revenue in Decatur's central city center!

Features

Electric Water HeaterCentral AirElectric

Property Details

Price
$1
MLS #
6261692
Status
Active
Type
CommercialSale
Subtype
Retail
Listed Date
Oct 30, 2026
Lot Size
5,500 sqft / 0.13 acres
Year Built
1902
County
Macon
Zoning
PMR-1
Parcel Number
04069

Interior

Above Grade Finished Area
0
Appliances
Electric Water Heater
Cooling
Central Air
Heating
Electric
Levels
Two

Exterior

Stories
2
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$277/mo
$0 principal & interest$277 taxes

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

Financial

Tax Year
2026
Taxes
$3,327

Market Summary

Current real estate data for CommercialSale in Decatur as of Oct 30, 2026, from all participating CIBR offices.

CommercialSale Listed
40
Avg Days on Market
254
Avg List Price
$589,574

Location

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Ask a question or request a tour of 248-252 N Park 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 10/30/2026, 4:18:36 PM (Central Time).