Decatur, IL Mixed-use Properties for Sale

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Updated: Mar 5

Decatur Mixed-Use Investment Opportunity

952 E Eldorado St, Decatur, IL 62521

$295,500

3,206 sqft

High traffic location (approximately 24,000 vehicles per 24 hours)
Fully leased, 4‑unit building
New steel roof (2019)
New windows
Potential for additional rental income from basement space (5th tenant)

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This listing looks promising.

Here's a quick look at some key insights for

952 E Eldorado St, Decatur, IL 62521

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$25K
Annual
Price @ 7% Cap

$364K
Above asking
Last Sold

Mar 2014
$225K

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Updated: Jun 5

Historic Three-Story Mixed-Use Building

170 N Merchant St, Decatur, IL 62523

$545,000

12,480 sqft

Historic three‑story brick “Post Building” constructed in 1888
Located at the corner of N. Merchant St and Prairie Ave in Downtown Decatur
Mixed‑use layout with restaurant, retail, office, and residential space
Building address: 160‑190 N. Merchant Street

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Versatile Lakefront Headquarters Building

500 S 27th St, Decatur, IL 62521

$2,750,000

153,021 sqft 25.80 AC lot

Former Illinois Power HQ with versatile space on 25.8 acres.

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Mixed-Use Property with Income Potential

334 W Main St, Decatur, IL

$800,000

14,500 sqft 0.55 AC lot

Value-add investment opportunity in Decatur's downtown commercial corridor.

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Historic Mixed-Use Investment Opportunity

160 North Merchant Street, Decatur, IL 62523

$495,000

12,480 sqft

Three-story brick building in Downtown Decatur with diversified income streams.

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Downtown Decatur Retail Opportunity

518 E Prairie Ave, Decatur, IL 62523

$150,000

6,500 sqft 0.31 AC lot

6500 SF retail facility with living quarters for sale.

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Versatile Commercial Property in Decatur, IL

2882 N Dinneen St, Decatur, IL 62526

$595,000

14,000 sqft 8.00 AC lot

Spacious 14,000+ sq ft property on 8+ acres.

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Versatile Commercial Space For Sale

3180 N Woodford St, Decatur, IL 62526

$150,000

6,400 sqft

Adaptable office/retail space with ample parking and high traffic.

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Based on your search, we've compiled 63 Potential Opportunities for your consideration. Besides 8 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 47 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Champaign Mixed-Use Property For Sale

1306 Parkland Ct, Champaign, IL 61821

$5,300,000

25,000 sqft 1.85 AC lot

1.85-acre property with three buildings in Champaign, Illinois.

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1913 Historic Mixed-Use Building

41 E. University Avenue, Champaign, IL 61820

$3,850,000

0.29 AC lot

Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential space.

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Historic Mixed-Use Building in Downtown

317-319 N. main street, bloom, Bloomington, IL 61701

$459,900

19,008 sqft

Historic mixed-use building in Downtown Bloomington, Illinois, primed for redevelopment.

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Downtown Mixed-Use Property

208-210 N Center Street, Bloomington, IL 61701

$995,000

0.17 AC lot

Three-story downtown mixed-use building with an unfinished upper level and unfinished basement with storage and restrooms.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Glen Avenue Commercial Development Opportunity

1105 W Glen Ave, Peoria, IL 61614

$275,000

0.80 AC lot

Prime commercial land for development in Peoria's retail corridor.

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Prime Commercial Land Opportunity

8215 N ALLEN Road, Peoria, IL 61615

$1,300,000

2.92 AC lot

3-acre commercial land in high-traffic Peoria area.

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Corner Commercial Land Tract

7735 State Route 143, Edwardsville, IL 62025

$11,340,000

84.67 AC lot

84+ acre corner parcel in the I-55 corridor with utilities available at the property line.

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Mixed-Use Conversion Land Parcel

3733 Blackburn Road, Edwardsville, IL 62025

$950,000

11.00 AC lot

11-acre parcel near I-55 with road frontage and existing structures sold as-is for mixed-use redevelopment planning.

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Off-Market Properties in Decatur, IL

Consider similar Off-Market properties in Decatur, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

OFFICE/RESIDENTIAL (MIXED USE)

241 Main St, Decatur, IL 62523-1208

$2,220,000

Estimated value

0.10 AC lot

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STORES & APARTMENTS

530 Water St, Decatur, IL 62523-1047

Value Estimation by Request

0.13 AC lot

View details

OFFICE/RESIDENTIAL (MIXED USE)

1805 Main St, Decatur, IL 62526-4331

Value Estimation by Request

1,098 sqft 1.43 AC lot

View details

OFFICE/RESIDENTIAL (MIXED USE)

418 Wood St, Decatur, IL 62522-3130

$870,000

Estimated value

0.58 AC lot

View details

OFFICE/RESIDENTIAL (MIXED USE)

366 Pr Ave, Decatur, IL 62522-3100

Value Estimation by Request

0.19 AC lot

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MIXED USE (COMMERCIAL/INDUSTRIAL)

645 Franklin St, Decatur, IL 62521-1046

$525,000

Estimated value

1.01 AC lot

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STORES & APARTMENTS

215 Main St, Decatur, IL 62523-1208

Value Estimation by Request

0.07 AC lot

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STORES & APARTMENTS

217 Main St, Decatur, IL 62523-1208

Value Estimation by Request

0.07 AC lot

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STORES & APARTMENTS

1940 Water St, Decatur, IL 62526-4353

Value Estimation by Request

0.09 AC lot

View details

MIXED USE (COMMERCIAL/INDUSTRIAL)

410 Water St, Decatur, IL 62523-2369

$530,000

Estimated value

0.99 AC lot

View details

OFFICE/RESIDENTIAL (MIXED USE)

1980 Brush College Rd, Decatur, IL 62526-5634

Value Estimation by Request

2.31 AC lot

View details

STORES & APARTMENTS

138 Merchant St, Decatur, IL 62523-1217

Value Estimation by Request

0.03 AC lot

View details

OFFICE/RESIDENTIAL (MIXED USE)

816 Church St, Decatur, IL 62521-1059

Value Estimation by Request

0.14 AC lot

View details

STORES & APARTMENTS

170 Merchant St, Decatur, IL 62523-1217

Value Estimation by Request

View details

OFFICE/RESIDENTIAL (MIXED USE)

319 Pr Ave, Decatur, IL 62522-2400

Value Estimation by Request

0.19 AC lot

View details

STORES & APARTMENTS

957 Water St, Decatur, IL 62523-1050

Value Estimation by Request

0.16 AC lot

View details

Decatur, IL Mixed-Use Properties Market Trends and Statistics

Explore 55 mixed-use properties for sale in Decatur, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 222,587 square feet of properties for sale, with an estimated market value of $5,780,500.

Sale prices for multi use buildings in Decatur, IL start at $150,000, averaging $722,562, and reaching up to $2,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 79K

Population Growth (5Y) -14.5%

Median Household Income $56,571

College Educated 16.3%

High-Yield Neighborhoods for Investment

Identify Decatur submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
62526	$372.5K
62523	$413.3K
62522	$800K
62521	$1.5M

Taxes & Financing

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Decatur fall within the 100,000+ square foot range.

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Decatur, IL Mixed-use Properties for Sale

952 E Eldorado St, Decatur, IL 62521

170 N Merchant St, Decatur, IL 62523

500 S 27th St, Decatur, IL 62521

334 W Main St, Decatur, IL

160 North Merchant Street, Decatur, IL 62523

518 E Prairie Ave, Decatur, IL 62523

2882 N Dinneen St, Decatur, IL 62526

3180 N Woodford St, Decatur, IL 62526

Opportunities in Nearby Cities

1306 Parkland Ct, Champaign, IL 61821

41 E. University Avenue, Champaign, IL 61820

317-319 N. main street, bloom, Bloomington, IL 61701

208-210 N Center Street, Bloomington, IL 61701

Potential Development Sites for Consideration

1105 W Glen Ave, Peoria, IL 61614

8215 N ALLEN Road, Peoria, IL 61615

7735 State Route 143, Edwardsville, IL 62025

3733 Blackburn Road, Edwardsville, IL 62025

Off-Market Properties in Decatur, IL

241 Main St, Decatur, IL 62523-1208

530 Water St, Decatur, IL 62523-1047

1805 Main St, Decatur, IL 62526-4331

418 Wood St, Decatur, IL 62522-3130

366 Pr Ave, Decatur, IL 62522-3100

645 Franklin St, Decatur, IL 62521-1046

215 Main St, Decatur, IL 62523-1208

217 Main St, Decatur, IL 62523-1208

1940 Water St, Decatur, IL 62526-4353

410 Water St, Decatur, IL 62523-2369

1980 Brush College Rd, Decatur, IL 62526-5634

138 Merchant St, Decatur, IL 62523-1217

816 Church St, Decatur, IL 62521-1059

170 Merchant St, Decatur, IL 62523-1217

319 Pr Ave, Decatur, IL 62522-2400

957 Water St, Decatur, IL 62523-1050

Decatur, IL Mixed-Use Properties Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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