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    Decatur, IL
    Multifamily

    Decatur, IL Multifamily Properties for Sale

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    Forsyth, IL Mt Zion, IL Warrensburg, IL Mount Zion, IL Oreana, IL Cerro Gordo, IL Maroa, IL Bethany, IL
    Mixed-Use Property with Income Potential
    Updated: Oct 24, 2025
    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 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.
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    Multifamily Property with Redevelopment Potential
    Updated: Mar 9
    Multifamily Property with Redevelopment Potential

    417-461 W Wood St, Decatur, IL 62522

    $800,000
    16,248 sqft
    Value‑add opportunity to reconfigure the first floor into four additional apartment units, significantly increasing rental income potential.
    Option to purchase adjacent buildings occupied by Abbott EMS Services under triple net leases, providing immediate stabilized cash flow.
    Tenant (Abbott EMS) willing to collaborate on long‑term lease extensions for the garage and training facility, offering near‑term income stability.
    Property is a converted multifamily building with four existing two‑bedroom/one‑bath apartment units on the second floor, currently in leasable condition.
    Located in a well‑established mixed‑use corridor west of Downtown Decatur, providing proximity to major employers and amenities.
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    Decatur Multifamily Investment Opportunity
    Decatur Multifamily Investment Opportunity

    105, 111, 117, & 133 Elder Lane, Decatur, IL 62522

    $2,130,000

    35-unit multifamily property in Decatur, Illinois with value-add potential.

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    26-Space Mobile Home Park
    26-Space Mobile Home Park

    3760 E William Street Rd, Decatur, IL 62521

    $545,000

    Mobile home park with income and growth potential.

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    Operating Motel with 19 Units
    Operating Motel with 19 Units

    3420 N 22nd St, Decatur, IL 62526

    Contact for pricing
    1.57 AC lot

    Operating Tri-Manor Motel offers 19 units with a lobby on a 1.57-acre parcel along Illinois Route 48.

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 5 Active listings in Decatur, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 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.

    Mobile Home Park with Vacant Building
    Mobile Home Park with Vacant Building

    3721 Wollesen Lane, Springfield, IL 62702

    $250,000
    1.58 AC lot

    B-1 mixed-use property with a variance mobile home park, including three rental units and a vacant front commercial building.

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    22-Unit Central Illinois Multifamily Portfolio
    22-Unit Central Illinois Multifamily Portfolio

    110 S Wood St, Maroa, IL 61756

    $1,350,000

    22-unit multifamily portfolio in Central Illinois for sale.

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    Two-Brick Multifamily Buildings
    Two-Brick Multifamily Buildings

    901 State Route 10 W, Clinton, IL 61727

    $189,000

    Two-brick multifamily on a corner lot with 10 units, separate gas service, and a dedicated boiler room for one building.

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    Duplex Lakefront Lot Opportunity
    Duplex Lakefront Lot Opportunity

    329-331 Harbor Point Place, Springfield, IL 62712

    $100,000

    Desirable duplex lakefront lot in Rochester School District.

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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.

    Commercial Land Development Parcel
    Commercial Land Development Parcel

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

    Ready-to-build residential lot in a charming small town.

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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.

    2495 Hl Ave
    MOBILE HOME PARK, TRAILER PARK

    2495 Hl Ave, Decatur, IL 62526-1583

    $800,000
    Estimated value
    17.25 AC lot
    View details
    1045 Harrison Ave
    MOBILE HOME PARK, TRAILER PARK

    1045 Harrison Ave, Decatur, IL 62526-3875

    $800,000
    Estimated value
    4.51 AC lot
    View details
    1525 Fairview Ave
    MOBILE HOME PARK, TRAILER PARK

    1525 Fairview Ave, Decatur, IL 62521-4030

    $800,000
    Estimated value
    3.09 AC lot
    View details
    820 Mckinley Ave
    MOBILE HOME PARK, TRAILER PARK

    820 Mckinley Ave, Decatur, IL 62526-3204

    Value Estimation by Request
    3.01 AC lot
    View details
    433 Gravel Pit Rd
    MOBILE HOME PARK, TRAILER PARK

    433 Gravel Pit Rd, Decatur, IL 62522-9006

    Value Estimation by Request
    1,768 sqft 10.14 AC lot
    View details
    1244 Prairie Ave
    Multifamily properties

    1244 Prairie Ave, Decatur, IL 62521

    Value Estimation by Request
    View details
    135 Prairie Ave
    Multifamily properties

    135 Prairie Ave, Decatur, IL 62523

    Value Estimation by Request
    0.06 AC lot
    View details
    554 Main St
    Multifamily properties

    554 Main St, Decatur, IL 62522

    Value Estimation by Request
    0.34 AC lot
    View details
    Delta Dr
    MOBILE HOME PARK, TRAILER PARK

    Delta Dr, Decatur, IL 62526

    Value Estimation by Request
    78.13 AC lot
    View details

    Decatur, IL Multifamily Properties Market Trends and Statistics

    Explore 14 multifamily properties for sale in Decatur, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 30,748 square feet of properties for sale, with an estimated market value of $1,600,000.

    Sale prices for multifamily properties in Decatur, IL start at $800,000, averaging $800,000, and reaching up to $800,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 3
    Mobile home & RV parks 1

    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
    62521 $545K
    62522 $1.6M

    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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    Most Searched ZIP Codes in Decatur, IL

    • 62522
    • 62521

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