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248-252 N. Park Street Decatur, IL 62523 248-252 N Park St 11,884 SF Retail Building Decatur, IL 62523 $933,788 CAD ($78.58 CAD/SF)
INVESTMENT HIGHLIGHTS
- Three continuous buildings overlooking the beautiful Central Park
- Two of the three commercial spaces are occupied, with lease renewal terms commencing January 2025
- The residential portion includes two 2-bedroom, 1-bathroom apartments
- Features three street-level commercial spaces, two spacious apartments, and an additional two floors of untapped, multifamily development potential
- Incentives available - property is situated in the the newly adopted Downtown TIF District
- Value-add upside, with current stabilized cash-flow
EXECUTIVE SUMMARY
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 the newly adopted Downtown TIF District.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,884 SF
Building Class
C
Year Built
1890
Price
$933,788 CAD
Price Per SF
$78.58 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.18
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
B4 - Commercial Business Zoned for office/retail in the TIFF DISTRICT in the heart of downtown Decatur across from the city Central Park
Frontage
23’ on North Park Street
AMENITIES
- 24 Hour Access
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $171,897 CAD (2024) | |
| Land Assessment | $11,793 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $160,104 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$11,793 CAD (2024)
Improvements Assessment
$160,104 CAD (2024)
Total Assessment
$171,897 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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248-252 N. Park Street Decatur, IL 62523 | 248-252 N Park St
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