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2891 N Water St.

$15.50/sqft/yr

2891 N Water St, Decatur, IL 62526

Active
Last Updated: 08/26/2025

Modified Gross

Lease Type

1970

Year Built

Details:
Lease Type:    Modified Gross
Year Built:    1970
Highlights:
  • Max Contiguous Area: 1630.0
  • Min Divisible Area: 1170.0
Description:

The property is located just south of the prime retail shopping district of Main/Water/Bus Us 51 & Pershing Ave. Main/Bus US 51 South is a one way street through Decatur, heading south from Bloomington IL to south-central IL. The area features traffic counts of over 42,000 cars per day and many national, regional, and local tenants. Decatur is conveniently located 123 miles from St. Louis (northeast via I-55/IL-48) 177 miles from Chicago (south via I-57 or I-55), 155 miles from Indianapolis (west via I-72/I-74), 45 miles from Champaign (west via I-72), 46 miles from Bloomington (south via US 51) & 44 miles from Springfield (east via I-72).

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to offer for Lease this freestanding 2-Tenant retail building located in Decatur IL.
The building was originally constructed in 1970 for the Viking Lounge and was last occupied by BloNoSmoke Shop (Suite A) & Well Being Therapeutic Massage (Suite B). The property features B2 – Commercial zoning which allows for a wide variety of commercial businesses.
Suite A is currently configured as mainly open retail area with an office, restroom, and back storage/break room. There is a full basement accessible via stairs that could be used for additional inventory storage (not included in the square foot calculation).
Suite B is currently configured as a massage suite featuring three (3) private offices/rooms, restroom, utility room, and the ability to have two different waiting rooms.

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