236-250 N Water St | Decatur, IL 62523
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- LoopNet Team
236-250 N Water St
Decatur, IL 62523
Opportunity Zone | Barnes-Citizens Building · Office Property For Sale
Investment Highlights
- 165,198 SF office asset, comprised of two (2) conjoining buildings | 1.87 acres on 5 parcels ; 3 parcels were previously a parking garage
- Downtown Decatur, IL location adjacent to Central Park
- Decatur has been ranked third in the nation as an emerging logistics and distribution center and named a Top 25 Trade City
- Art Deco architecture designed by Holabird & Root
- Zoning allows for various uses, including multifamily, hotel, retail & office. Multiple incentive programs offered on national, state and local levels
- The City is home to production facilities for Caterpillar, Archer Daniels Midland (ADM), Tate & Lyle, and more
PROPERTY FACTS
Property Type
Office
Property Subtype
Office/Residential
Building Size
165,198 SF
Building Class
C
Year Built
1909
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
13,766 SF
Building FAR
2.03
Lot Size
1.87 AC
Zoning
B-4 - General Business
Parking
309 Spaces (1.87 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $227,190 | |
| Land Assessment | $50,328 | Total Assessment | $277,518 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$50,328
Improvements Assessment
$227,190
Total Assessment
$277,518
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