High-Traffic Commercial Property For
375 N 22ND ST, Decatur, IL 62521
Commercial property suitable for retail or office use in Decatur.
Type:Retail
Property size:
613 SFPrice / SF:
$122/SF- Added:
- May 14, 2026
- Days on Market:
- 19
- Last Refresh:
- May 16 at 8:47 pm
Property Features for 375 N 22ND ST
General Information
- Standard status
- Active
- Size
- 613 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing agent Austin Deaton License #IL 475198953
Listing office Brinkoetter Realtors
Listing date May 14, 2026
Source Crexi
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
HighLights
- High‑traffic location at a 5‑point intersection.
- Strong daily traffic counts for maximum business exposure.
- Ideal for retail, office, or service‑based businesses.
- Excellent accessibility and convenience.
- Surrounded by established businesses.
- Minutes from key amenities.
Overview
This commercial property is located at a high-traffic 5-point intersection, offering a prime opportunity for retail or office use with high visibility. The property benefits from strong daily traffic counts, providing maximum exposure for businesses. The location is ideal for retail, office, or service-based users, offering excellent accessibility and convenience. It is surrounded by established businesses and is minutes from key amenities, positioning it to attract steady customer traffic. The property size is 613 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $8.1k | $13.20 |
| − Vacancy | −$227 | −$0.37 |
| EGI | $7.9k | $12.83 |
| − OpEx | −$2.4k | −$3.85 |
| NOI | $5.5k | $8.98 |
613 SF · lease $13.20/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$78.7K
$68.8K – $91.8K
NOI $5,506 @ 7.0% cap · market cap 7.35%
Second Best
Office B
$69.5K
$60.8K – $81.1K
NOI $4,866 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$103.0K
$90.1K – $120.1K
NOI $7,207 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Boss Roofing Experts ...
Roofing Company
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Macon
- State
- Illinois
- Longitude
- -88.926653
- Latitude
- 39.8454469
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Commercial property suitable for retail or office use in Decatur.
Where is this retail space located?
The property is located at 375 N 22ND ST Decatur, IL.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: High‑traffic location at a 5‑point intersection.; Strong daily traffic counts for maximum business exposure.; Ideal for retail, office, or service‑based businesses.
