Commercial Real Estate Market in Decatur, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
96 active listings and 2,871 off-market properties in Decatur, IL. Commercial property asks $69/SF to buy and $13.45/SF/Yr to lease (based on 6 listings).
Market Trends
Decatur, IL spans 156.3 square miles in Macon County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Decatur, IL has a median asking sale price of $53/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Decatur, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Decatur, IL has a median asking sale price of $46/SF (based on 9 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Decatur, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 61.7%
- Industrial 22%
- Commercial 7.3%
- Open space 6.8%
- Planned_development 1.4%
- Civic 0.8%
- Agricultural 0%
Largest Zones share of zoned land by district
Decatur, IL zones 28,225 acres across 18 districts. Commercial zoning covers 7.3% of zoned land, residential 61.7%, open space 6.8% and industrial 22%. The largest single district is Single Family Residence at 29.3%. For commercial buyers the practical constraint is that only 29.3% of land carries a commercial or industrial designation.
SECTION VI. R-1 SINGLE FAMILY RESIDENCE DISTRICT A. PERMITTED USES A building or premises shall be used only for the following purposes: 1. Single family dwelling 2. Accessory building, structure, or use : Accessory buildings or structures are only permitted to be constructed and / or continued if there is a main building or structure present. (A mended , Or…
Market overview
Demographics & Economy
Decatur, IL has 81,275 residents in 40,173 households. Density runs 520 people per square mile. Median household income here is $56,692 and median gross rent $810 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Decatur?
How much does it cost to lease commercial space in Decatur?
What zoning applies to commercial property in Decatur?
Where does Realmo's Decatur market data come from?
Methodology & data sources
- Asking prices and medians
- There are 53 active for-sale and 43 active for-lease listings in Decatur, IL. The medians are based on 19 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 28,225 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
