Decatur, IL Retail Properties & Spaces for Sale

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28 properties

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Updated: Aug 21

Two-Tenant Strip Mall

757 W Pershing Rd, Decatur, IL 62526

$1,582,000

12,883 sqft

12,883‑square‑foot two‑tenant strip mall with 100 percent occupancy
Extensive 2025 renovation and 2026 roof installation with a 20‑year warranty
Both tenants signed five‑year leases in 2025 with one five‑year renewal option
Scheduled rental increases range from 2 percent to 3 percent
9.00% cap rate

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This listing looks promising.

Here's a quick look at some key insights for

757 W Pershing Rd, Decatur, IL 62526

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Est. Cap Rate

7.3%
Above avg (5.9%)
Est. NOI

$116K
Annual
Price @ 7% Cap

$1.65M
Above asking

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Updated: Jul 28

Thirteen-Unit Mixed-Use Property

228 W MAIN ST, Decatur, IL 62523

$795,000

15,080 sqft 0.37 AC lot

7 upstairs apartments and 6 street‑level retail storefronts in a thirteen‑unit mixed‑use building
Off‑street parking lot on the north side
0.37‑acre site and 15,080 SF building size
Most units are individually metered; landlord responsibilities vary by lease
Built in 1920 with aluminum construction and tar/gravel and rubber roofing

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Multi-Suite Shopping Center

2950 N WATER Street, Decatur, IL 62526

$1,200,000

1.67 AC lot

Retail suites with open layouts, rear service areas, private restrooms, and dedicated storefront access.

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Versatile Commercial Property in Decatur

1705 Pershing Road, Decatur, IL 62526

$899,000

17,000 sqft 1.00 AC lot

Adaptable 17,000 SF commercial space with office, warehouse, and showroom.

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Auto Shop with Paint Booth

2090 E Locust St, Decatur, IL 62521

$399,000

11,000 sqft

Automotive facility with service equipment, customer areas, office space, and a kitchen-equipped breakroom.

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Historic Three-Story Mixed-Use Building

170 N Merchant St, Decatur, IL 62523

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12,480 sqft

Three-story brick property with restaurant, retail, office, and residential space for flexible downtown tenancy.

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Historic Mixed-Use Investment Opportunity

160 North Merchant Street, Decatur, IL 62523

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12,480 sqft

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

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Multi-Bay Self Service Car Wash

3241 N Woodford St, Decatur, IL 62526

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4,224 sqft

Self-service car wash with eight bays, including automatic bays and dedicated truck bay, plus vacuum service.

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Automotive Garage With Adjoining Lot

1058 N Water Street, Decatur, IL 62523

$155,000

0.66 AC lot

B2-zoned property includes a service garage and additional land for commercial use.

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Downtown Retail Suite with Windows

163 N Water Street, Decatur, IL 62523

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2,300 sqft

Retail suite with windows on Central Park and ample on- and off-street parking in downtown Decatur.

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B-3 Zoned Strip Center

1423 E Mound Rd, Decatur, IL 62526

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11,856 sqft

B-3 zoned strip center offering flexible space within a multi-tenant retail configuration.

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Decatur Retail Strip Center

1423 E Mound Rd, Decatur, IL

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6,000 sqft 0.69 AC lot

6,000 SF retail center in Decatur, Illinois for sale.

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High-Traffic Commercial Property For Sale

375 N 22ND ST, Decatur, IL 62521

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613 sqft

Commercial property suitable for retail or office use in Decatur.

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Family Dollar Investment Opportunity

1315 N Water St, Decatur, IL 62526

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14,490 sqft

NNN leased Family Dollar with strong corporate guarantee.

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Industrial Buildings with Overhead Doors

2801 N Woodford St, Decatur, IL 62526

$80,000

2.21 AC lot

Two industrial buildings sit on 2.21 acres with fenced, gated parking and overhead door access for flexible operations.

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Two-Car Wash Package

3241 N Woodford Street, Decatur, IL 62526

$950,000

For sale package includes two well-maintained car wash facilities with a combination of automatic and manual bays.

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Auto Glass Retail Building on Corner

1303 North Main Street, Decatur, IL 62526

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3,060 sqft

Safelite Auto Glass is offered in a 3,060-square-foot building on a signalized hard corner in Decatur.

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Branded Convenience Store and Fuel Site

1420 E Pershing Rd, Decatur, IL 62526

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1,250 sqft 0.75 AC lot

Phillips 66 convenience store with fuel sales and a long-term contract, operating 5:00 AM to 11:00 PM.

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Brick Retail Building on Main Corridor

3695 E William Street Rd, Decatur, IL 62521

$349,000

Built in 2017, this brick retail building offers strong visibility and easy access on a high-traffic corridor.

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Mixed-Use Property with Apartments

334 W Main St, Decatur, IL 62522

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14,500 sqft 0.55 AC lot

Renovated apartments accompany vacant retail and office space in a walkable downtown setting.

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Live-Work Space with Drive-In Yard

1940 Water Street, Decatur, IL 62526

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Live-work property on Water Street with a planned lower showroom and upper apartment, plus a fenced drive-in yard.

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Retail Property in Decatur, Illinois

2201 E Eldorado St, Decatur, IL

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3,657 sqft 0.57 AC lot

Retail property with 3,657 square feet of space.

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Decatur Commercial Land Opportunity

3015 Grand Prix Drive, Decatur, IL 62526

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8,000 sqft

Corner lot with existing pad in Decatur, Illinois.

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Mixed-Use Brick Building

1689 S Franklin St, Decatur, IL 62521

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Spacious all-brick building occupied by a bank and a medical office, with 57 parking spaces across three parcels.

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Decatur, IL Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Decatur, IL, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 172,691 square feet of properties for sale, with an estimated market value of $6,409,000.

Sale prices for stores in Decatur, IL start at $80,000, averaging $712,111, and reaching up to $1,582,000 — 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

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
62522	$199.9K
62523	$472.5K
62526	$654K

Taxes & Financing

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Decatur fall within the 10,000 to 25,000 square foot range.

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