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    Decatur, IL
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    Decatur, IL Apartment Buildings for Sale

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    Forsyth, IL Mt Zion, IL Mount Zion, IL
    Mixed-Use Property with Income Potential
    $800,000
    14,500 SF
    Mixed-Use Property with Income Potential

    334 W Main St, Decatur, IL

    Value-add investment opportunity in Decatur's downtown commercial corridor.
    • Value‑add investment opportunity with stabilized residential income ($8,800/month) and significant commercial upside potential.
    • Eight fully renovated residential units with modern amenities including granite countertops, LVP flooring, and stainless steel appliances.
    • Substantial vacant commercial space (7,800 sq ft + 6,000 sq ft basement) with potential monthly income of $5,850 at market rates.
    • Prime location on West Main Street in downtown Decatur, a revitalizing commercial corridor.
    • Updated infrastructure: Roof (10 years old with recent patching), 2 new HVAC units, updated electrical/plumbing on the second floor.
    Updated: Oct 24, 2025
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    Multifamily Property with Redevelopment Potential
    $800,000
    16,248 SF
    Multifamily Property with Redevelopment Potential

    417-461 W Wood St, Decatur, IL 62522

    Converted multifamily property with value-add opportunity in Decatur, Illinois.
    • Value‑add opportunity to reconfigure the first floor into four additional apartment units, significantly increasing rental income potential.
    • Option to purchase adjacent buildings occupied by Abbott EMS Services under triple net leases, providing immediate stabilized cash flow.
    • Tenant (Abbott EMS) willing to collaborate on long‑term lease extensions for the garage and training facility, offering near‑term income stability.
    • Property is a converted multifamily building with four existing two‑bedroom/one‑bath apartment units on the second floor, currently in leasable condition.
    • Located in a well‑established mixed‑use corridor west of Downtown Decatur, providing proximity to major employers and amenities.
    Updated: Mar 9
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    Decatur Multifamily Investment Opportunity
    $2,340,000
    Decatur Multifamily Investment Opportunity

    35-unit multifamily property in Decatur, Illinois with value-add potential.

    105, 111, 117, & 133 Elder Lane, Decatur, IL 62522

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    RETAIL
    $675,000
    11,884 SF
    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Apartment Building
    $379,900
    Six-Unit Apartment Building

    Renovated six-unit apartment building with recent roof and siding updates, plus an adjacent rebuild parcel included.

    824 E Ridgely Avenue, Springfield, IL 62702

    View details
    Champaign Multifamily Building For Sale
    $249,900
    Champaign Multifamily Building For Sale

    Six-unit building in Champaign, ideal for future development.

    1013 W Church Street, Champaign, IL 61820

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    Springfield Multifamily Investment Opportunity
    $160,000
    Springfield Multifamily Investment Opportunity

    Six-unit, all-brick apartment building in Springfield, Illinois.

    1546 E CORNELL Street, Springfield, IL 62703

    View details
    Spacious Townhomes Near University
    Contact for pricing
    Spacious Townhomes Near University

    45-unit townhome community near the University of Illinois.

    1801 West John Street, Champaign, IL 61821

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres
    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802

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    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

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    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607

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    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

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    Off-Market Properties in Decatur, IL

    Consider similar Off-Market properties in Decatur, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1244 Prairie Ave
    Multifamily properties
    Value Estimation by Request

    1244 Prairie Ave, Decatur, IL 62521

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    135 Prairie Ave
    Multifamily properties
    Lot: 0.06 Acres
    Value Estimation by Request

    135 Prairie Ave, Decatur, IL 62523

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    554 Main St
    Multifamily properties
    Lot: 0.34 Acres
    Value Estimation by Request

    554 Main St, Decatur, IL 62522

    View details

    Decatur, IL Apartment Buildings Investment Opportunities Market Analysis

    Explore 7 apartment buildings for sale in Decatur, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 42,632 square feet of properties for sale, with an estimated market value of $2,275,000.

    Sale prices for two-family homes in Decatur, IL start at $675,000, averaging $758,333, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Property Size Breakdown

    The majority of commercial real estate listings in Decatur fall within the 100,000+ square foot range.

    Demographics Overview

    Population 79K
    Population Growth (5Y) -14.5%
    Median Household Income $56,571
    College Educated 16.3%

    High-Yield Neighborhoods for Investment

    Identify Decatur submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    62522 $1.6M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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