Downtown TIF District

For Sale

248-252 North Park Street, Decatur, IL 62523

Downtown Decatur overlooking Central Park and in the newly adopted Downtown TIF district.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!

Building Details

  • For Sale $675,000
  • Property Type Retail - Street Retail
  • Property Size 11,884 SF
  • Units 7
  • Lot Size 0.12 Acre
  • Additional Rent Price on request
  • Year Built 1890
  • Date Updated Oct 7, 2026
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Contacts

Zane Peterson

Main Place Properties

Location

  • City Decatur, IL
  • Neighborhood Decatur Central Bussines District
  • Zip Code 62523
  • Walk score 80/100 Very Walkable
  • Bike score 67/100 Bikeable
Powered by Walk Score ®

Points of Interest

Mobil

1.02 miles

Huck's Food & Fuel

1.47 miles

Circle K

1.50 miles

Corner Gas Station

1.73 miles

Casey's General Store

2.01 miles

Marathon;Circle K

2.25 miles

Kroger

2.35 miles

County Market Express

2.52 miles

Shell

4.03 miles

Lot M1

0.90 miles

Lot M2

0.94 miles

Lot M3

0.95 miles

Lot M4

0.97 miles

Lot M5

1.01 miles

Lot M10

1.18 miles

Lot M8

1.20 miles

Lot M7

1.23 miles

Lot M9

1.24 miles

Lot M11

1.30 miles

Kroger

1.52 miles

Save-A-Lot

1.55 miles

County Market

2.59 miles

Target

3.26 miles

Walmart Supercenter

3.91 miles

ALDI

4.35 miles

Kohl's

5.09 miles

Hickory Point Mall

5.17 miles

Von Maur

5.17 miles

Listing Summary

  • Property Financials

    248-252 North Park Street is currently listed for sale at $675,000 for a price per square foot of $56.8.

  • Property Details

    248-252 North Park Street totals 11,884 square feet of Retail space on a lot spanning 0.12 acres. The property was initially built in 1890.

  • Area Characteristics

    248-252 North Park Street is located in the Decatur Central Bussines District neighborhood.

    There is 1 other retail property listed for sale in the neighborhood. In terms of ease of commuting, the area has a walk score of 80, indicating that it is very walkable.

Contact Zane Peterson
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