For Sale
$825,000

334 Main StDecatur, IL 62522

8 Units, Updated, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
118
This three-story, 14,500 square foot mixed-use building in Decatur, IL, presents a compelling investment opportunity. Located at 334 W Main St, this property boasts eight fully renovated apartment units (a mix of studios, one-bedroom, and a two-bedroom unit) and 7,610 square feet of adaptable commercial space, previously used as a dental office and equipped with existing plumbing infrastructure in individual rooms. The building, constructed in 1963 and extensively renovated in 2023, features modern finishes throughout the residential units, including stainless steel appliances, granite countertops, and luxury vinyl plank flooring. Recent upgrades encompass exterior façade improvements (DRIVIT around windows and perimeter), complete plumbing valve replacement (including shower valves), electrical device upgrades, new fire doors and frames in all apartments, high-end luxury vinyl tile (LVT) flooring on the second floor, waterproofed bathrooms with new porcelain tile, new window treatments, updated lighting, new kitchen cabinets with granite countertops, brand-new stainless steel appliances, a coin-operated washer and dryer, a security system, fire stops separating commercial and residential areas, new hot water units, and new rear fencing. The property includes 32 parking spaces and sits on a 0.53-acre lot, zoned for commercial use. The building's recent renovations, combined with its prime location and versatile layout, offer significant potential for strong rental income and future appreciation. This is a turnkey operation ready for immediate occupancy. APN: 04-12-15-256-012.

Highlights

  • $825,000 asking price for a mixed-use property.
  • 14,500 square foot building on a 0.53-acre lot in Decatur, IL.
  • Eight apartment units, fully remodeled in 2023, featuring stainless steel appliances, granite countertops, and luxury vinyl plank flooring.
  • 7,610 square feet of ground floor commercial space, previously a dental office, suitable for various uses.
  • 32 parking spaces, three-story building constructed in 1963, with recent exterior and interior renovations.

Property Details for 334 Main St

Property type
Office properties, Mixed-use properties
Square Feet
14,500 SF
Year Built/Renovated
1963/2023
Buildings
1
Stories
3
Lot Size (sq. ft)
23,087 SF
Units
8

Location Insight

City
Decatur
County
Macon
State
Illinois
Latitude
39.841510927288
Longitude
-88.959587731945
334 Main St, Decatur, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
334 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message