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$1,400,000
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Property Description
For Sale or Lease | 3131 N Water Street, Decatur, IL. Strategically located along Route 51 Business North & South, this 6,200 SF freestanding building is a rare opportunity for medical, office, or specialty use in a high-visibility corridor. Previously operated as a medical express care facility, the property is ideally configured for healthcare or professional services. This modern facility sits on a 1.17-acre lot and was constructed in 2008 with a functional layout tailored for patient/client flow and staff efficiency. The building is surrounded by retail and service anchors including Brentwood Village Shopping Center, home to Planet Fitness, Kroger, Bob Evans, and Culver's-providing significant consumer draw to the area. Property Features: 12 exam rooms 6 restrooms Spacious waiting/reception area with multiple registration stations Dedicated nurses' station/work area 2 private offices X-ray room Break/conference room Ample parking with 42 spaces Visibility & Traffic: Rt 51 South: 10,000 vehicles/day Rt 51 North: 9,500 vehicles/day Pershing Rd at Rt 51: 19,800 vehicles/day
Full Property Details
Full Property Details for 3131 N Water St
General
- Price: $1,400,000
- Taxes: $37,634 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12556241
- Updated: 2/4/2026
- Added to Site: 42 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Decatur
- County: Macon
- Township: Hickory Point
- Driving Directions: Near Northwest intersection of Water St and W Pershing Rd
- Location Details: Central Illinois
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 1
- Square Feet: 6,200
- Current Bldg. Use: Medical/Dental
- Year Built: 2008
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Acres): 1.17
- Lot Size (Sq. Ft.): 50,965
- Lot Dimensions: 241 x 185 x 301 x 190
- Zoning: COMMR
Financial Considerations
- Lease Price: $16
- For Sale/Rent/Lease: For Sale or Rent
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 2008
- Tax Amount: $37,634
- Tax Year: 2024
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 70734478004
Listed by Guth & Associates,Llc
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Schools
Schools serving 3131 N Water St
School District:Decatur School District 61
| Name | Grades | Distance |
|---|---|---|
Parsons Accelerated School 3591 North Macarthur Road, Decatur, IL 62526 | K-6 | 0.7 mi |
Stephen Decatur Middle School 1 Educational Park, Decatur, IL 62526 | 7-8 | 0.8 mi |
Macarthur High School 1499 West Grand Avenue, Decatur, IL 62522 | 9-12 | 2.2 mi |
Eisenhower High School, Decatur, IL 1200 South 16th Street, Decatur, IL 62521 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3131 N Water St
Date
Details
Price
Change
Source
1/28/2026
Listed
$1,400,000
107.41%
MLS
5/09/2008
Sold
$675,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3131 N Water St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$37,634
7%
$381,179
9%
2023
$35,296
5%
$350,413
8%
2022
$33,575
7%
$324,996
7%
2021
$31,522
-1%
$303,888
2%
2020
$31,744
—
$297,604
—
2019
$31,744
1%
$297,604
-1%
2018
$31,570
—
$299,732
-1%
2017
$31,676
8%
$301,403
9%
2016
$29,232
5%
$276,118
1%
2015
$27,906
—
$272,844
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3131 N Water St
3131 N Water Street, Decatur, IL 62526 (MLS# 12556241) is a Commercial property. 3131 N Water Street is currently listed for $1,400,000 and was received on January 28, 2026. Want to learn more about 3131 N Water Street? Do you have questions about finding other Commercial real estate for sale in Decatur? You can browse all Decatur real estate or contact a Coldwell Banker agent to request more information.
