Brick Retail Building on Main
For Sale
Contact for pricing
3695 E WILLIAM ST RD, Decatur, IL 62521
Built in 2017, this brick retail building offers strong visibility and easy access on a high-traffic corridor.
Property Size2,443 SF
Price / SF$142.86
Days on Market51
Property Features for 3695 E WILLIAM ST RD
General Information
Standard status
Active
Size
2,443 SF
Class
B
Total Parking Spaces
18
Property subtype
Retail
Zoning
COM
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2017
Year Renovated
2017
Buildings
1
Stories
1
Units
1
Listing Agency:
Brinkoetter Realtors
(217) 620-1843
Listed By:
Austin Deaton · License #475198953
Source:
Crexi
Added: Jun 22
Changed: Aug 7
Last Checked: Aug 10 at 12:47PM
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 Brinkoetter Realtors
Investment Insights
Based on property information with market context.
This for-sale retail building features brick construction and was built in 2017, offering a low-maintenance exterior profile. The building sits on a commercial parcel sized for retail use, providing a straightforward footprint for an operator seeking an established, modern shell.
Located on Decatur’s east side along E William Street Road, the property benefits from placement on a well-traveled corridor. Public remarks cite strong traffic counts and easy access, with convenient connections to Interstate 72 and other major thoroughfares. The surrounding area includes nearby employers, shopping, dining, medical facilities, and Lake Decatur.
For tenants, buyers, or redevelopment-minded users, this site’s core value is accessibility paired with street-facing visibility for retail concepts that rely on walk-by and drive-by exposure. The building’s relatively recent construction date may help reduce near-term exterior upkeep compared with older commercial structures. If you’re looking for a retail property with easy access and a prominent position on a busy road, this offering on E William Street Road is worth reviewing.
Located on Decatur’s east side along E William Street Road, the property benefits from placement on a well-traveled corridor. Public remarks cite strong traffic counts and easy access, with convenient connections to Interstate 72 and other major thoroughfares. The surrounding area includes nearby employers, shopping, dining, medical facilities, and Lake Decatur.
For tenants, buyers, or redevelopment-minded users, this site’s core value is accessibility paired with street-facing visibility for retail concepts that rely on walk-by and drive-by exposure. The building’s relatively recent construction date may help reduce near-term exterior upkeep compared with older commercial structures. If you’re looking for a retail property with easy access and a prominent position on a busy road, this offering on E William Street Road is worth reviewing.
Key Highlights
- Brick retail building built in 2017
- Located on E William Street Road on a well‑traveled, high‑traffic corridor
- Strong visibility and easy access along the corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,941
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,820
$438.8K
Cap Rate 7%
$313,443
$313.4K
Cap Rate 9%
$243,789
$243.8K
Market Conditions
NOI Build-Up for 2,443 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.2K $13.20/SF
− Vacancy
−$903 −$0.37/SF
EGI
$31.3K $12.83/SF
− OpEx
−$9.4K −$3.85/SF
NOI
$21.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,820
Cap Rate 7%
$313,443
Cap Rate 9%
$243,789
Alternative Uses
Best Use
Retail
$313.4K
$274.3K – $365.7K
NOI $21,941 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$410.3K
$359.1K – $478.7K
NOI $28,724 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 43%
Groceries 10%
Electronics 1%
McDonald's
Dining
22,484 visits/mo
0.3 miles
Huck's
Shops & Services
10,664 visits/mo
0.2 miles
Save-A-Lot
Groceries
6,613 visits/mo
0.2 miles
Dollar General
Shops & Services
5,551 visits/mo
0.2 miles
BP
Shops & Services
4,167 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Built in 2017, this brick retail building offers strong visibility and easy access on a high-traffic corridor.
Where is this retail space located?
The property is located at 3695 E WILLIAM ST RD Decatur, IL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Brick retail building built in 2017; Located on E William Street Road on a well‑traveled, high‑traffic corridor; Strong visibility and easy access along the corridor
