248-252 Park Decatur, IL 62523, Decatur , 62523
Listing ID: MRD12178711
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$675,000
Price
Built: 1890
Data last updated: July 08, 2025 at 05:47pm
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Property Description

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.

Other located at 248-252 Park Decatur, IL 62523. The property was built in 1890. 248-252 Park Decatur, IL 62523 is in the Decatur neighborhood.
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Agent Contact: Zane Peterson Phone: 217-454-8800
Listing Courtesy of: Main Place Real Estate
Source: mlsgrid , MLS#: MRD12178711

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ZP
Zane Peterson
217-454-8800

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ZP
Zane Peterson
217-454-8800
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$3,703.37
Monthly
$878,400
Total Mortgage
$219,600
Down Payment