Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1423 E Mound Rd Decatur, IL 62526

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two retail properties on Mound Road, Decatur, Illinois for sale.

    Property size:
    11,856 SF
    Lot size:
    1.15 Acres

    Property Features for 1423 E Mound Rd

    General Information

    Standard status
    Active
    Zoning
    B3
    Size
    11,856 SF
    Lot size
    1.15 Acres

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Zane Peterson
    Source: Crexi

    Listing Agency: Main Place Real Estate Listing Agent: Zane Peterson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Decatur Retail Investment Opportunity

    Two retail properties are available along Mound Road in Decatur. One property, located at 1423-1427 E Mound Rd, is a 6,000 square foot strip center with B-3 zoning, offering flexible space suitable for multiple commercial uses. The second property, situated at 1411 E Mound Rd, is a 5,856 square foot standalone building with B-1 zoning, previously operated as a Subway restaurant, making it suitable for retail or restaurant use. The combined property size is 11,856 square feet. These properties benefit from high visibility and strong traffic flow in a thriving commercial area, presenting a compelling investment opportunity.
    Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Macon
    State
    Illinois
    Longitude
    -88.9376177
    Latitude
    39.8913822

    Nearby Similar for Sale

    • $539,000
      Pending

      Industrial Warehouse on Fenced Lot

      Industrial warehouse with office space and easy highway access.
      2627 Route 121 N, Decatur, IL 62526
      View Details
    • $2,250,000

      65-Unit Multifamily Investment Opportunity

      High-yield multifamily property near Millikin University with value-add potential.
      1740-1760 S Fairview Ave, Decatur, IL 62521
      View Details
    • $347,000

      Decatur Medical/Professional Office Building

      Medical/professional office building for sale in Decatur, Illinois.
      3021 N Oakland Ave, Decatur, IL 62526
      View Details
    • $174,900

      Adaptable Commercial Building on Large Site

      Versatile building on 1.42 acres, suitable for various businesses.
      3260 N Charles St, Decatur, IL 62526
      View Details
    • $199,900

      Decatur Bar and Billiards Venue

      Established bar and billiards venue with a loyal customer base.
      858 W Green St, Decatur, IL 62522
      View Details
    • $650,000

      Decatur Industrial Building with Yard

      Industrial property featuring three structures and a fenced laydown yard.
      765 E Pythian Ave, Decatur, IL 62526
      View Details
    • $1,211,306
      11,469 SF

      11,469 SF Office Investment Property For Sale

      11,469 SF Office Investment Property For Sale
      405-427 E. Ash Ave, Decatur, IL 62526
      View Details
    • $249,999

      Decatur Office Building For Sale

      Office building featuring a reception area, offices, and training rooms.
      1690 Huston Dr, Decatur, IL 62526
      View Details
    • Contact for pricing
      14,490 SF

      Family Dollar Investment Opportunity

      NNN leased Family Dollar with strong corporate guarantee.
      1315 N Water St, Decatur, IL 62526
      View Details
    • Contact for pricing
      4,464 SF

      Medical Office Building For Sale

      Custom-built medical office in a central business district.
      675 E Snyder Dr, Decatur, IL 62526
      View Details
    • $840,068
      5,720 SF

      Decatur Office Building For Sale

      Office building in Decatur, Illinois, with established tenants.
      355-385 E Ash Ave, Decatur, IL 62526
      View Details
    • $1,247,500
      10,160 SF

      Decatur Commercial Investment Opportunity

      Well-maintained commercial property with established tenants and strong returns.
      3090 N Main St, Decatur, IL 62526
      View Details

    FAQs

    What type of property is this?
    Strip mall - Two retail properties on Mound Road, Decatur, Illinois for sale.
    Where is this strip mall located?
    The property is located at 1423 E Mound Rd Decatur, IL.
    What are key features of this property?
    This property features: - High visibility location on Decatur's busy Mound Road corridor.; - Two properties included: a 6,000 SF strip center and a 5,856 SF standalone building.; - Flexible space suitable for multiple commercial uses.
    Request Owner's contact information
    1423 E Mound Rd Decatur, IL 62526
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1423 E Mound Rd
    Decatur, IL 62526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1423 E Mound Rd Decatur, IL 62526
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Zane Peterson
    Real Estate License ID: 481010682
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!