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Mixed-Use Property with Apartments
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334 W Main St, Decatur, IL 62522

Renovated apartments accompany vacant main-level commercial space with basement area and accessible parking.

Space Size7,800 SF
Lot Size0.55 Acres
Days on Market311

Property Features for 334 W Main St

General Information

Standard status Active
Size 7,800 SF
Net Rentable 7,800 SF
Total Parking Spaces 32
Lot size 0.55 Acres
Property subtype OFFICE

Space & Availability

Available Space 7,800 SF
Contiguous Space 7,800 SF
Floor Ground
Space Use Retail
Available From Immediate

Lease Terms

Lease Rate $9 /USD/SF/YR
Monthly Rent $5,850
Rent per SF/Year $9

Site & Location

Road Access Yes
Utilities to Site Yes

Amenities

handicap accessibility
security systems

Building Details

Tenancy Multi

Spaces For Lease

at 334 W Main St Contact us

7,800 SF Office/Retail Space $9/SF/Yr

Floor
1
Size
7,800 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
This mixed-use property represents a value-add investment opportunity combining stabilized...
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Listing Agency: BARBERMurphy
Listed By: Carter Marteeny · License #475209285
Source: Moodyscre
Added: Oct 24, 2025 Changed: Aug 29 Last Checked: Aug 29 at 7:06PM

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 BARBERMurphy

Investment Insights

Based on property information with market context.

This mixed-use property combines eight renovated apartments with commercial space on the main level and additional basement area. Apartment interiors include granite countertops, luxury vinyl plank flooring, and stainless steel appliances. Second-floor electrical and plumbing systems have been updated, and two HVAC units were recently installed. The roof was replaced 10 years ago, with preventative patching completed within the last two years.

The commercial component provides 7,800 square feet of retail or office space plus 6,000 square feet of basement space formerly configured for laboratory use. The commercial area is vacant and available for lease. Property features include 32 parking spaces on a 0.55-acre lot, handicap accessibility, security systems, and utility capacity suitable for various commercial applications.

Located on West Main Street in downtown Decatur, the property sits within the city’s primary commercial corridor. The surrounding area includes public transit routes, major roadway connections, pedestrian activity, and proximity to Millikin University.

Key Highlights

  • Eight fully renovated apartment units with granite countertops, luxury vinyl plank flooring, and stainless steel appliances
  • 7,800 square feet of main‑level retail/office space currently vacant and available for lease
  • Additional 6,000 square feet of basement area formerly configured for laboratory use

Property Analytics

Current Use

Dr. Alan R. ... Dental Office

Suggested Use

Top Pick Bakery Skin Care Clinic Storage Facility Garden Center Computer & Electronic Repair Food Market

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
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,347
Businesses Nearby

Demographics for 62522, IL

14,838
Population
7,215
Households
2.1
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
23.9 sq mi
ZIP Area
621
Density / Sq Mi
$51,689
Median Household Income
$36,551
Median Earnings
$783
Median Rent
$108,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated apartments accompany vacant main-level commercial space with basement area and accessible parking.
Where is this mixed-use property located?
The property is located at 334 W Main St Decatur, IL.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Eight fully renovated apartment units with granite countertops, luxury vinyl plank flooring, and stainless steel appliances; 7,800 square feet of main‑level retail/office space currently vacant and available for lease; Additional 6,000 square feet of basement area formerly configured for laboratory use
(618) 277-4400 Call to check price and availability
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