$1,200,000

445 N Franklin Street

Decatur IL, 62523

Description

Magnificent downtown commercial property. Perfect opportunity for a value-add investor or owner occupied user. Tenants and lease spaces offer a mix of office, retail, and even two apartment units! The property is located in the heart of Downtown Decatur on the corner of North Franklin Street and East Eldorado Street. Zoning is B4 and property situated in an Opportunity Zone and Macon County Enterprise Zone. Located directly across the street from the Decatur Civic Center and ADM City Center. Each Lease space comes with private parking and ample parking for customers as well. The property has a total of three parcels, including historic theater (built in 1916), City Plaza (multi-tenant mixed use, built in 1949), and corner parking lot (future development opportunity). The City Plaza property was extremely well built and well maintained. The building was originally designed for a third floor addition. Contact commercial brokers for investment inquiries.

Details

MLS#6198933
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1916
Days On Site34

Features

Story(s)1
ZoningB-4

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Area Information

StateIL
CountyMacon
CityDecatur
Zip Code62523
AreaMacon
Listing VS Median (in 62523)
Price:
$1,200,000
low | high
Med:
$2,025
100% of Average
On Site:
34
low | high
Med:
205.5
16.54501216545% of Average
Listing Updated: 02/17/2020
MLS Number: 6198933
Listing Provided By:
Zane Peterson  of  Main Place Real Estate

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