160-190 N Merchant Street,Decatur, IL 62523
Decatur, IL 62523
Description
Historic mixed-use investment opportunity in the heart of Downtown. The 'Post Building', originally constructed in 1888, is a three-story brick storefront property surrounded by downtown dining, boutiques, entertainment, offices, public services, and civic activity. The building includes a mix of restaurant, retail, office, and residential, offering both stabilized income potential and upside through lease-up of available space. The property totals approximately 12,291 square feet and features multiple street-level commercial spaces, upper-floor office/flex space, and a furnished apartment currently used for corporate housing and short-term rental guests. The first floor is configured for two storefront commercial spaces and common area with elevator and staircase. Street level spaces include Goodfella's Cigars and a vacant space that was longtime home to downtown pizza and pub operation. Upper levels spaces include an office lease, Taproot Restaurant, and residential loft.
Details
| MLS # | 6258578 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1880 |
| Days On Site | 183 |
| Listing Provided By | Main Place Real Estate | Zane Peterson |
Features
| Story(s) | 3 |
|---|---|
| Zoning | COM |
| Acreage | 0.10 |
Taxes
| Tax Annual Amount | 6196 |
|---|
Area Information
| State | IL |
|---|---|
| County | Macon |
| City | Decatur |
| Zip Code | 62523 |
| Community Name | Decatur |
| Listing VS Median (in Decatur) | |
Price: $495,000 low | high Med: $0 On site: 183 low | high Med: | |
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Learn More About This Property
| State | IL |
|---|---|
| County | Macon |
| City | Decatur |
| Zip Code | 62523 |
| Community Name | Decatur |
| Listing VS Median (in Decatur) | |
Price: $495,000 low | high Med: $0 On site: 183 low | high Med: | |