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 Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 34 |
Features
| Story(s) | 1 |
|---|---|
| Zoning | B-4 |
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Area Information | |
|---|---|
| State | IL |
| County | Macon |
| City | Decatur |
| Zip Code | 62523 |
| Area | Macon |
| Listing VS Median (in 62523) | |
Price: $1,200,000 low | high Med: $2,025 On Site: 34 low | high Med: 205.5 | |
MLS Number: 6198933Listing Provided By:
Zane Peterson of Main Place Real Estate