Decatur Retail Strip
For Sale
Contact for pricing
1423 E Mound Rd, Decatur, IL
6,000 SF retail center in Decatur, Illinois for sale.
Property Size6,000 SF
Lot Size0.69 Acres
Price / SF$108.33
Days on Market343
Property Features for 1423 E Mound Rd
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.69 Acres
Property subtype
RETAIL
Listing Agency:
Main Place Real Estate
(217) 422-3330
Listed By:
Zane Peterson · License #471020044
(217) 454-8800
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail opportunity is located at 1423-1427 E Mound Rd, Decatur, IL. The property features a 6,000 SF retail strip center. Zoned B3, the property offers versatility for various business ventures. Located in the thriving Decatur area, this property presents a strategic investment with high visibility and substantial potential for commercial success.
Key Highlights
- High visibility location in the thriving Decatur area.
- 6,000 SF retail/strip center.
- Zoned B3, offering versatility for various business ventures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,888
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,760
$1.1M
Cap Rate 7%
$769,829
$769.8K
Cap Rate 9%
$598,756
$598.8K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$79.2K $13.20/SF
− Vacancy
−$2.2K −$0.37/SF
EGI
$77.0K $12.83/SF
− OpEx
−$23.1K −$3.85/SF
NOI
$53.9K $8.98/SF
Area
Macon County, IL
Vacancy
2.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,760
Cap Rate 7%
$769,829
Cap Rate 9%
$598,756
Alternative Uses
Best Use
Retail
$769.8K
$673.6K – $898.1K
NOI $53,888 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.01M
$881.8K – $1.18M
NOI $70,546 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Circle K
Shops & Services
13,616 visits/mo
0.1 miles
SUBWAY
Dining
2,030 visits/mo
0.1 miles
Cold Stone Creamery
Dining
877 visits/mo
0.0 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - 6,000 SF retail center in Decatur, Illinois for sale.
Where is this strip mall located?
The property is located at 1423 E Mound Rd Decatur, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High visibility location in the thriving Decatur area.; 6,000 SF retail/strip center.; Zoned B3, offering versatility for various business ventures.
