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Three-Storefront Strip Mall
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1202 E Wood St, Decatur, IL 62521

Corner retail building includes warehouse space and an overhead door.

Property SizeContact for details
Days on Market141

Property Features for 1202 E Wood St

General Information

Standard status Active
Property subtype Retail

Site & Location

Corner Location Yes
Road Access Yes

Building Details

Year Renovated 2019
Buildings 1
Tenancy Multi
Listing Agency: Vieweg Real Estate
Listed By: Cole Babcock · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 8:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vieweg Real Estate

Investment Insights

Based on property information with market context.

This strip mall contains three separate storefront spaces within a structure measuring over 7,000 square feet. The property also includes a warehouse portion with one overhead door, along with most of the metal racking inside the building. A new roof was installed in 2019.

Located at the corner of Jasper and Wood Street in Decatur, the property sits on over half an acre in a TIF district. The site has road frontage, and new development has occurred in close proximity. The separate storefront configuration provides distinct areas within the building, while the warehouse component adds additional commercial space.

Key Highlights

  • Three storefront spaces within the building
  • Over 7,000 square feet on over half an acre
  • Warehouse portion with one overhead door

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

312
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 45%
Hardee's Dining
9,800 visits/mo 0.5 miles
Circle K Shops & Services
8,672 visits/mo 0.4 miles
Conoco Shops & Services
3,327 visits/mo 0.2 miles

Demographics for 62521, IL

33,793
Population
16,169
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
66.0 sq mi
ZIP Area
512
Density / Sq Mi
$66,848
Median Household Income
$41,945
Median Earnings
$857
Median Rent
$119,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Corner retail building includes warehouse space and an overhead door.
Where is this strip mall located?
The property is located at 1202 E Wood St Decatur, IL.
What are key features of this property?
This property features: Three storefront spaces within the building; Over 7,000 square feet on over half an acre; Warehouse portion with one overhead door
(217) 433-0839 Call to check price and availability
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