160-190 N Merchant Street, Decatur, Illinois 62523

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.