228 W MAIN ST

Property feature image
Address: 228 W Main St, Decatur, IL 62523, USA
Chicago & Midwest + Apartment Buildings
Created date: July 29, 2026
Date last updated: September 17, 2026
Price: $795,000Investment Analyzer NEW!

Property Description

RARE downtown investment opportunity has hit the market! This thirteen-unit mixed-use property offers seven upstairs apartments and six retail storefronts at street level with an off-street parking lot on the north side. Most units are individually metered, with landlord responsibilities varying by lease. With room to grow income through future rent adjustments and a prime location on historic West Main Street near Millikin University, this property is full of potential. Please do not disturb tenants!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $795,000
Year Built: 1920
Lot Size: 15,080.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 14
Number of Bathrooms: 8
Address: 228 W MAIN ST, DECATUR, IL 62523, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

1825 S Crawford Road

Mt Pleasant, Michigan
Chicago & Midwest + Apartment Buildings
Units: 1
Price: $85,000

1825 S Crawford Road

Mt Pleasant, Michigan
Chicago & Midwest + Apartment Buildings
Units: 1
Price: $85,000

1825 S Crawford Road

Mt Pleasant, Michigan
Chicago & Midwest + Apartment Buildings
Units: 1
Price: $85,000

Brokers

View All

Lenders

View All