There are multiple listings for this address:
1501 N Water Street
Decatur, IL, 62526
$199,900
Beds
0 Baths
0 SqFt
0.78 Acres
Add
MLS #6254187 image #0MLS #6254187 image #1MLS #6254187 image #2MLS #6254187 image #3MLS #6254187 image #4MLS #6254187 image #5MLS #6254187 image #6MLS #6254187 image #7MLS #6254187 image #8MLS #6254187 image #9MLS #6254187 image #10MLS #6254187 image #11MLS #6254187 image #12MLS #6254187 image #13MLS #6254187 image #14MLS #6254187 image #15MLS #6254187 image #16MLS #6254187 image #17MLS #6254187 image #18MLS #6254187 image #19MLS #6254187 image #20MLS #6254187 image #21MLS #6254187 image #22MLS #6254187 image #23MLS #6254187 image #24MLS #6254187 image #25MLS #6254187 image #26MLS #6254187 image #27MLS #6254187 image #28MLS #6254187 image #29MLS #6254187 image #30MLS #6254187 image #31
All-brick, single-story office building available for sale or lease on high-traffic Route 51 with over 10,000 vehicles per day, just one mile north of downtown Decatur. Formerly used as a medical clinic, the building offers a flexible interior layout, partial basement with full bathroom ideal for storage, and professional curb appeal with a concrete parking lot. Significant updates completed in 2024 include a new roof, new gutters, new 5-ton AC unit, two new 96% efficiency furnaces, a built-in microwave oven, and compliance with Decatur’s updated fire code (passed August 2024). Seller financing / Contract for Deed (CFD) available with acceptable down payment—contact brokers for terms. A great opportunity for owner-users or investors seeking visibility, functionality, and recent capital improvements.

Property Details

Price:
$199,900
MLS #:
6254187
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Office
Subdivision:
Assessors Sub
Listed Date:
Sep 8, 2025
Lot Size:
33,800 sqft / 0.78 acres (approx)
Year Built:
1978
Assessors Sub

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Schools

Interior

Appliances
Electric Water Heater
Cooling
Central Air
Heating
Electric

Exterior

Parking Spots
26

Financial

Tax Year
2023
Taxes
$2,156

Map

Community

Subdivisions in Decatur

Market Summary

Current real estate data for Commercial in Decatur as of Sep 14, 2025
48
Commercial Listed
114
Avg DOM
$387,846
Avg List Price

Property Summary

    Located in the Assessors Sub subdivision, 1501 N Water Street Decatur IL is a Commercial for sale in Decatur, IL, 62526. It is listed for $199,900

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1501 N Water Street
Decatur, IL
1501 N Water Street
Decatur, IL, 62526
$3,000
Beds
0 Baths
0 SqFt
0.78 Acres
Add
MLS #6255042 image #0MLS #6255042 image #1MLS #6255042 image #2MLS #6255042 image #3MLS #6255042 image #4MLS #6255042 image #5MLS #6255042 image #6MLS #6255042 image #7MLS #6255042 image #8MLS #6255042 image #9MLS #6255042 image #10MLS #6255042 image #11MLS #6255042 image #12MLS #6255042 image #13MLS #6255042 image #14MLS #6255042 image #15MLS #6255042 image #16MLS #6255042 image #17MLS #6255042 image #18MLS #6255042 image #19MLS #6255042 image #20MLS #6255042 image #21MLS #6255042 image #22MLS #6255042 image #23MLS #6255042 image #24MLS #6255042 image #25MLS #6255042 image #26MLS #6255042 image #27MLS #6255042 image #28MLS #6255042 image #29MLS #6255042 image #30MLS #6255042 image #31
All-brick, single-story office building available for sale or lease on high-traffic Route 51 with over 10,000 vehicles per day, just one mile north of downtown Decatur. Formerly used as a medical clinic, the building offers a flexible interior layout, partial basement with full bathroom ideal for storage, and professional curb appeal with a concrete parking lot. Significant updates completed in 2024 include a new roof, new gutters, new 5-ton AC unit, two new 96% efficiency furnaces, a built-in microwave oven, and compliance with Decatur’s updated fire code (passed August 2024). Seller financing / Contract for Deed (CFD) available with acceptable down payment—contact brokers for terms. A great opportunity for owner-users or investors seeking visibility, functionality, and recent capital improvements.

Property Details

Price:
$3,000
MLS #:
6255042
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial Lease
Subtype:
Office
Subdivision:
Assessors Sub
Listed Date:
Sep 8, 2025
Lot Size:
33,800 sqft / 0.78 acres (approx)
Year Built:
1978
Assessors Sub

Ask a Question

See this Listing

Send
  

Schools

Interior

Appliances
Electric Water Heater
Cooling
Central Air
Heating
Electric

Exterior

Parking Spots
26

Financial

Tax Year
2023
Taxes
$2,156

Map

Community

Subdivisions in Decatur

Market Summary

Current real estate data for Commercial Lease in Decatur as of Sep 14, 2025
48
Commercial Lease Listed
114
Avg DOM
$387,846
Avg List Price

Property Summary

    Located in the Assessors Sub subdivision, 1501 N Water Street Decatur IL is a Commercial Lease for sale in Decatur, IL, 62526. It is listed for $3,000

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