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All-Brick Office Building
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2602 N Morgan St, Decatur, IL 62526

All-brick office building with a configured suite of offices, reception, break room, restrooms, and an additional restroom in the full basement.

Property Size2,670 SF
Days on Market556

Property Features for 2602 N Morgan St

General Information

Standard status Active
Size 2,670 SF
Property subtype OFFICE
Zoning M-1
Lease Type SF/mo

Additional Details

Business Included No

Building Details

Construction brick
Listing Agency: Main Place Real Estate
Listed By: Zane Peterson · License #481010682
Source: Moodyscre
Added: Jan 20, 2025 Changed: Jul 28 Last Checked: Jul 30 at 8:26AM

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 Main Place Real Estate

Investment Insights

Based on property information with market context.

This all-brick office building is laid out with six offices plus an open office/reception area, a break room, and two restrooms. The property also includes a full basement with an additional restroom. Parking is available on-site, and there is additional yard area to the west of the building.

The building is located on the north side of Decatur and is zoned M-1, which allows for an ample amount of permitted business uses. The property was formally used for offices and a laboratory for Cargill. Any laboratory equipment is provided as-is or can be removed prior to occupancy, subject to arrangement with the broker.

For more details on the available configuration and lease terms, contact the commercial broker with inquiries.

Key Highlights

  • All‑brick office building configured with 6 offices, an open office/reception area, and a break room
  • Includes two restrooms on the main floor plus an additional restroom in the full basement
  • Full basement provides extra usable space for office/storage needs

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Law Firm Grocery & Convenience Store Electrical Service

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

NNN (Triple Net)
Lease Type
$1.01 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

Demographics for 62526, IL

31,758
Population
16,425
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
66.0 sq mi
ZIP Area
481
Density / Sq Mi
$48,222
Median Household Income
$39,048
Median Earnings
$785
Median Rent
$91,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - All-brick office building with a configured suite of offices, reception, break room, restrooms, and an additional restroom in the full basement.
Where is this office building located?
The property is located at 2602 N Morgan St Decatur, IL.
What is the lease rate?
The lease rate is $1,500 /Mo.
What are key features of this property?
This property features: All‑brick office building configured with 6 offices, an open office/reception area, and a break room; Includes two restrooms on the main floor plus an additional restroom in the full basement; Full basement provides extra usable space for office/storage needs
(217) 454-8800 Call to check price and availability
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