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$ 495,000
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160-190 N Merchant ST Decatur, IL 62523
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Decatur
MLS Listing ID 6258578
Year Built 1880
Annual Tax Amount $6,196
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Retail
Property 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.
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.
Location
State IL
County Macon
Community Decatur
Zoning COM
Interior
Heating Other
Cooling Other
Appliance Water Heater
Exterior
Total Parking Spaces 5
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Others
Tax ID 04-12-15-282-041
Special Listing Condition None
Listed by Main Place Real Estate