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    Decatur, IL Mixed-use Properties for Sale

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    Forsyth, IL Mt Zion, IL Mount Zion, IL
    9 results
    Mixed-Use Property with Income Potential
    $800,000
    14,500 SF

    Mixed-Use Property with Income Potential

    334 W Main St, Decatur, IL

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

    • Value‑add investment opportunity with stabilized residential income ($8,800/month) and significant commercial upside potential.
    • Eight fully renovated residential units with modern amenities including granite countertops, LVP flooring, and stainless steel appliances.
    • Substantial vacant commercial space (7,800 sq ft + 6,000 sq ft basement) with potential monthly income of $5,850 at market rates.
    • Prime location on West Main Street in downtown Decatur, a revitalizing commercial corridor.
    • Updated infrastructure: Roof (10 years old with recent patching), 2 new HVAC units, updated electrical/plumbing on the second floor.
    Updated: Oct 24, 2025
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    Historic Mixed-Use Investment Opportunity
    $545,000
    12,480 SF

    Historic Mixed-Use Investment Opportunity

    160 North Merchant Street, Decatur, IL 62523

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

    • Historic mixed‑use property in Downtown Decatur with diversified income streams.
    • Immediate value‑add opportunity through lease‑up of vacant restaurant space with existing restaurant/bar improvements.
    • Located in the Decatur Central TIF District, benefiting from ongoing public and private reinvestment.
    • Furnished apartment provides flexible income potential.
    • Upper‑floor office/flex space with strong natural light, downtown views, and elevator access.
    Updated: May 14
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    Versatile Lakefront Headquarters Building
    $2,750,000
    153,021 SF

    Versatile Lakefront Headquarters Building

    Former Illinois Power HQ with versatile space on 25.8 acres.

    500 S 27th St, Decatur, IL 62521
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    Decatur Mixed-Use Investment Opportunity
    $295,500
    3,206 SF

    Decatur Mixed-Use Investment Opportunity

    Well-maintained, fully leased mixed-use building on a high-traffic street.

    952 E Eldorado St, Decatur, IL 62521
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    Multifamily Property with Redevelopment Potential
    $800,000
    16,248 SF

    Multifamily Property with Redevelopment Potential

    Converted multifamily property with value-add opportunity in Decatur, Illinois.

    417-461 W Wood St, Decatur, IL 62522
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    Downtown Decatur Retail Opportunity
    $150,000
    6,500 SF

    Downtown Decatur Retail Opportunity

    6500 SF retail facility with living quarters for sale.

    518 E Prairie Ave, Decatur, IL 62523
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    Versatile Commercial Property in Decatur, IL
    $595,000
    14,000 SF

    Versatile Commercial Property in Decatur, IL

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

    2882 N Dinneen St, Decatur, IL 62526
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    RETAIL
    $675,000
    11,884 SF

    RETAIL

    Mixed-use properties · 11,884 SF

    248 N Park St, Decatur, IL
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    Versatile Commercial Space For Sale
    $150,000
    6,400 SF

    Versatile Commercial Space For Sale

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

    3180 N Woodford St, Decatur, IL 62526
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    Based on your search, we've compiled 64 Potential Opportunities for your consideration. Besides 9 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.

    Versatile Commercial Property, Springfield, IL
    $975,000
    1,750 SF

    Versatile Commercial Property, Springfield, IL

    High-visibility commercial property with multiple income streams on 3.92 acres.

    3100 E COOK Street, Springfield, IL 62703
    View details
    Historic Downtown Investment Opportunity
    $390,000
    2,736 SF

    Historic Downtown Investment Opportunity

    Two interconnected buildings blending historic charm with modern integrity.

    103 & 105 W Sale Street, Tuscola, IL 61953
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    Tuscola Commercial Building Opportunity
    $365,000

    Tuscola Commercial Building Opportunity

    Large, open concept building in prime Tuscola location.

    901 E Southline Road, Tuscola, IL 61953
    View details
    Mixed-Use Development Land For Sale
    Contact for pricing

    Mixed-Use Development Land For Sale

    Prime mixed-use development land with high traffic and easy access.

    S 6th St & Baker Dr, Springfield, IL 62703
    View details

    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.

    Prime Commercial Land Opportunity
    $125,453

    Prime Commercial Land Opportunity

    Development opportunity in southwest Springfield near White Oaks Mall.

    3131 Hollis Drive Unit 2-007, Springfield, IL 62707
    View details
    Glen Avenue Commercial Development Opportunity
    $275,000
    0.80 Acres

    Glen Avenue Commercial Development Opportunity

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

    1105 W Glen Ave, Peoria, IL 61614
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    Prime Commercial Land Opportunity
    $1,300,000
    2.92 Acres

    Prime Commercial Land Opportunity

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

    8215 N ALLEN Road, Peoria, IL 61615
    View details
    Edwardsville Land with Commercial Potential
    $11,340,000
    84.67 Acres

    Edwardsville Land with Commercial Potential

    84-acre land parcel near I-55 with commercial zoning.

    7735 State Route 143, Edwardsville, IL 62025
    View details

    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.

    241 Main St
    OFFICE/RESIDENTIAL (MIXED USE)
    Lot: 0.10 Acres
    Estimated value
    $2,220,000

    241 Main St, Decatur, IL 62523-1208

    View details
    530 Water St
    STORES & APARTMENTS
    Lot: 0.13 Acres
    Value Estimation by Request

    530 Water St, Decatur, IL 62523-1047

    View details
    1805 Main St
    OFFICE/RESIDENTIAL (MIXED USE)
    1,098 SF Lot: 1.43 Acres
    Value Estimation by Request

    1805 Main St, Decatur, IL 62526-4331

    View details
    418 Wood St
    OFFICE/RESIDENTIAL (MIXED USE)
    Lot: 0.58 Acres
    Estimated value
    $870,000

    418 Wood St, Decatur, IL 62522-3130

    View details
    366 Pr Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    Lot: 0.19 Acres
    Value Estimation by Request

    366 Pr Ave, Decatur, IL 62522-3100

    View details
    645 Franklin St
    MIXED USE (COMMERCIAL/INDUSTRIAL)
    Lot: 1.01 Acres
    Estimated value
    $525,000

    645 Franklin St, Decatur, IL 62521-1046

    View details
    215 Main St
    STORES & APARTMENTS
    Lot: 0.07 Acres
    Value Estimation by Request

    215 Main St, Decatur, IL 62523-1208

    View details
    217 Main St
    STORES & APARTMENTS
    Lot: 0.07 Acres
    Value Estimation by Request

    217 Main St, Decatur, IL 62523-1208

    View details
    1940 Water St
    STORES & APARTMENTS
    Lot: 0.09 Acres
    Value Estimation by Request

    1940 Water St, Decatur, IL 62526-4353

    View details
    410 Water St
    MIXED USE (COMMERCIAL/INDUSTRIAL)
    Lot: 0.99 Acres
    Estimated value
    $530,000

    410 Water St, Decatur, IL 62523-2369

    View details
    1980 Brush College Rd
    OFFICE/RESIDENTIAL (MIXED USE)
    Lot: 2.31 Acres
    Value Estimation by Request

    1980 Brush College Rd, Decatur, IL 62526-5634

    View details
    138 Merchant St
    STORES & APARTMENTS
    Lot: 0.03 Acres
    Value Estimation by Request

    138 Merchant St, Decatur, IL 62523-1217

    View details
    816 Church St
    OFFICE/RESIDENTIAL (MIXED USE)
    Lot: 0.14 Acres
    Value Estimation by Request

    816 Church St, Decatur, IL 62521-1059

    View details
    170 Merchant St
    STORES & APARTMENTS
    Value Estimation by Request

    170 Merchant St, Decatur, IL 62523-1217

    View details
    319 Pr Ave
    OFFICE/RESIDENTIAL (MIXED USE)
    Lot: 0.19 Acres
    Value Estimation by Request

    319 Pr Ave, Decatur, IL 62522-2400

    View details

    Decatur, IL Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 56 mixed-use properties for sale in Decatur, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 238,239 square feet of properties for sale, with an estimated market value of $6,760,500.

    Sale prices for multi use buildings in Decatur, IL start at $150,000, averaging $751,166, 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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    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    62523 $412.5K
    62526 $470K
    62522 $800K
    62521 $1.5M

    Taxes & Financing

    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Decatur, IL

    • 62521
    • 62523
    • 62526
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