375 N 22ND ST Decatur, IL 62521
Commercial property suitable for retail or office use in Decatur.
Property Features for 375 N 22ND ST
General Information
- Standard status
- Active
- Size
- 613 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing office Brinkoetter Realtors
Listing date May 14, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Brinkoetter Realtors
Investment Insights
Based on property information with market context.
Key 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.
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 |
