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1021 & 1027 N Water st
Decatur, IL 62523
Water Street Plaza · Retail Property For Sale
Investment Highlights
- 100% occupied by two established tenants with NNN and Modified Gross leases
- CSL Plasma paying $5.00/SF — well below market, offering significant mark-to-market upside
- Two on-site billboards generate additional passive income and diversified revenue
- Anchored by CSL Plasma and Illinois Department of Human Services for reliable cash flow
- Adjacent ±0.39-acre parcel included with ~70 parking spaces for future flexibility
- Positioned along N. Water Street (±12,400 VPD) near Kroger, Aldi, McDonald's, and more
Executive Summary
Broker Of Record
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
471021676, 478027547 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550
Matthew M. Fitzgerald
Matthews Real Estate Investment Services, Inc
471021676, 478027547 (IL)
600 W Fulton, Ste 100 Chicago, IL 60661 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
21,263 SF
Building Class
C
Year Built
1980
Price
$3,083,511 CAD
Price Per SF
$145.02 CAD
Cap Rate
8.75%
NOI
$269,808 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.59 AC
Opportunity Zone
Yes
Zoning
B2 - intended to accommodate a broad range of retail, service, office, and commercial uses that serve both neighborhood and community markets while providing convenient customer access and business visibility
Parking
82 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 04-12-10-434-013 | Improvements Assessment | $30,592 CAD |
| Land Assessment | $59,805 CAD | Total Assessment | $90,396 CAD |
Property Taxes
Parcel Number
04-12-10-434-013
Land Assessment
$59,805 CAD
Improvements Assessment
$30,592 CAD
Total Assessment
$90,396 CAD
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