Decatur, IL Commercial Real Estate

Search commercial property for lease or for sale and view the Market Overview section below for local stats and insights.

89 Listings

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$800,000
Multi-Family + NNN Portfolio Opportunity in Decatur
416 E Wood St, Near West Decatur, Decatur, IL
Property Type
Multi-Family
16,248 SF
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$2,800,000
1450 E Pershing Rd
1450 E Pershing Rd, Mound Park, Decatur, IL
Property Type
Industrial
62,000 SF
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2 of 2
$85,000
1645 N 21st St | Single-Tenant Net Leased Asset
1645 N 21st St, Fansfield, Decatur, IL
Property Type
Industrial
1,843 SF
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$15.50/SF/YR
2981 N Water St
2981 N Water St, GM Square, Decatur, IL
Space Type
Retail
1 space

1,630 SF
Are you looking to lease or to buy?

For Lease

Flexible rental for
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For Sale

Premium commercial
properties, long-term value
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$250,000
1501 N Water St.
1501 N Water St, GM Square, Decatur, IL
Property Type
Office
Built in 1978

6,140 SF
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$650,000
INDUSTRIAL PROPERTY FOR SALE
765 E Pythian Ave, Hess Park, Decatur, IL
Property Type
Industrial
Built in 1966

22,744 SF
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$124,999
VALUE-ADD OPPORTUNITY 1690 HUSTON DRIVE
1690 Huston Dr, Moundford, Decatur, IL
Property Type
Office
6,300 SF
1 of 1
Price on request
Brettwood Village Shopping Center
NEC Pershing Road and Water Street, Northland Heights, Decatur, IL
Space Type
Retail
12 spaces

482 - 31,902 SF
1 of 1
Price on request
625-701 W South Side Dr
625 W. South Side Drive, Enterprise, Decatur, IL
Space Type
Industrial
1 space

9,295 SF
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$4.00/SF/YR
2015 E Olive Street
2015 E Olive Street, Fansfield, Decatur, IL
Space Type
Industrial
1 space

20,000 SF
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$800.00 - $3,750.00/SF/MO
2807 N Main St
2807 N Main St, GM Square, Decatur, IL
Space Type
Retail
1 space

11,431 SF
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Price on request
Decatur Marketplace
4655 E Maryland, Muffley, Decatur, IL
Space Type
Retail
1 space

1,200 SF
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1935 N. Water St.
1935 N. Water St., GM Square, Decatur, IL
Space Type
Retail
1 space

4,141 SF
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$5.50/SF/YR
2807 N Main St
2807 N Main St, GM Square, Decatur, IL
Space Type
Retail
1 space

25,200 SF
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2 of 3

3 of 3
$15.00/SF/YR
2801 N Main St
2801 N Main St, GM Square, Decatur, IL
Space Type
Retail
1 space

1,300 SF
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From $146/month

Regus
Regus - Decatur - S Water Street
132 South Water Street 3rd Floor, Decatur, IL
Space Type
Private Offices
Space for 1 to 15 people
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$15.50/SF/YR
2891 N Water St
2891 N Water St, GM Square, Decatur, IL
Space Type
Retail
1 space

2,818 SF
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$16.00/SF/YR
2875 N Water St
2875 N Water St, GM Square, Decatur, IL
Space Type
Retail
1 space

6,050 SF
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$16.00/SF/YR
427 E Ash Ave
427 E Ash Ave, Windsor Village, Decatur, IL
Space Type
Office
1 space

1,029 SF
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2 of 2
$9.00/SF/YR
1690 Huston Dr
1690 Huston Dr, Moundford, Decatur, IL
Space Type
Office
1 space

6,300 SF
1 of 2

2 of 2
$16.00/SF/YR
2870 N Main St
2870 N Main St, GM Square, Decatur, IL
Space Type
Retail
1 space

2,900 SF
1 of 2

2 of 2
$7.00/SF/YR
Decatur Industrial Flex Warehouse
3185 Grand Prix Drive, Moundford, Decatur, IL
Space Type
Industrial
2 spaces

8,700 SF
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$8.00/SF/YR
1343 IL-48 N
1343 IL-48 N, Ravina Park, Decatur, IL
Space Type
Retail
1 space

17,568 SF
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2 of 2
$275,000
1102 W Ravina Park Rd | Single-Tenant Net Leased Asset
1102 W Ravina Park Rd, Ravina Park, Decatur, IL
Property Type
Industrial
5,505 SF
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$10.00/SF/YR
1501 N Water St
1501 N Water St, GM Square, Decatur, IL
Space Type
Office
1 space

6,140 SF
1 of 1
$347,000
MEDICAL/PROFESSIONAL OFFICE FOR SALE
3021 N Oakland Ave, Greendell, Decatur, IL
Property Type
Office
5,790 SF
1 of 1
$195,000
LOT FOR SALE
1103 E Eldorado St, Clarendon Park, Decatur, IL
Property Type
VacantLand
$225,000
Development Outlet for Sale or Lease
1301 E Pershing Rd, Hess Park, Decatur, IL
Property Type
VacantLand
$750,000
Southeast Plaza - Prime Commercial Corner
2404 S Mount Zion Rd, St.Mary's, Decatur, IL
Property Type
VacantLand
$12.00 - $16.00/SF/YR
Centre 121
2002-2056 S. Mount Zion Road, Muffley, Decatur, IL
Space Type
Retail
3 spaces

1,596 - 2,500 SF
$319,900
1423-1427 E Mound Rd
1423-1427 E Mound Rd, Mound Park, Decatur, IL
Property Type
Retail
Built in 1980

6,000 SF
$8.00 - $16.00/SF/YR
2220 N. Monroe Street
2220 N. Monroe Street, GM Square, Decatur, IL
Space Type
Office
7 spaces

707 - 2,908 SF
$1,560,000
Central IL Warehouse and Manufacturing Opportunity
1810 E Mcbride Ave, Greenwich - Virginia, Decatur, IL
Property Type
Industrial
52,000 SF
Price on request
281,462 SF Available for Lease in Decatur, IL
2380 Millikin Pkwy, Moundford, Decatur, IL
Space Type
Industrial
1 space

281,462 SF
$2,130,000
Brick Haven Villas
103-117 S Elder Lane, West End Decatur, Decatur, IL
Property Type
Multi-Family
Built in 1964

10,152 SF
$395,000
1591 N Water Street
1591 N Water Street, GM Square, Decatur, IL
Property Type
Industrial
Built in 1998

9,510 SF
$13.50/SF/YR
2980 N Main St
2980 N Main St, GM Square, Decatur, IL
Space Type
Office
1 space

1,500 SF
$225,000
2370 E Logan St
2370 E Logan St, Grant Park, Decatur, IL
Property Type
Industrial
Built in 1969

7,400 SF
$700,000
640 E Pershing Road
640 E Pershing Road, Country Acres Highland, Decatur, IL
Property Type
VacantLand
Price on request
Decatur Commerce Park - Building 3
2500 N 22nd St, Greenwich - Virginia, Decatur, IL
Space Type
Industrial
1 space

488,000 SF

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The Decatur, IL Commercial Real Estate Market at a Glance

The commercial real estate market in Decatur, IL includes commercial property of all types. To put it in numbers, there are 1,344,250 square feet of commercial space in 81 commercial properties across the city. If you are not familiar with commercial real estate in Decatur, IL, below are a few essential aspects to consider in order to better understand the local market.

Commercial Space for Rent Opportunities in Decatur, IL

You can search 80 commercial real estate space listing(s) currently available for rent in Decatur, IL, which represents a total of 1,344,250 square feet. Leasing opportunities here include 36 office listing(s), 10 industrial and warehouse listing(s), 33 retail space listing(s), and more. Use the search filters at the top of the page and the interactive map to see location-specific advantages when looking for your next commercial space for lease in Decatur, IL. You can conveniently reach out for more in-depth information using the contact form available on each listing.

Decatur, IL Commercial Real Estate Listings for Rent

Property type No. of Listings Total Sq. Ft. Avg. Asking Rent

Office 20 146,593 N/A

Retail 24 418,356 $12.64

Industrial 21 1,966,440 N/A

Other 1 145,490 N/A

Looking to lease a particular type of commercial property? Visit our dedicated pages for office space for rent, retail spaces for lease, or warehouses for rent to view current listings and access more in-depth market stats.

What to Consider When Renting Commercial Real Estate in Decatur, IL

If you are somewhat new to this process, a good place to start would be our quick guide to the differences between commercial property types, and some essential terms to know. Once you get the general idea of what a certain kind of space can offer you, it is essential to clarify what to prioritize among your business needs relating to the workspace you need to occupy and the location where you need it to be.

Not all decision factors can be clear-cut search filters and property categories, so the next step after doing a listing search for the type of property you need should be to reach out to the real estate brokers, as they are best positioned to fill in the blanks and help you secure the best commercial space lease for your needs.

Commercial Real Estate for Sale in Decatur, IL

Those who are better served by owning instead of renting commercial property can also find options for sale here. Investment opportunities currently listed on the local market add up to a total of 38 commercial property for sale listing(s).

Depending on aspects such as location, market particularities, and property potential, office space can be transformed and adapted to accommodate a great variety of tenant businesses and institutions. Options of commercial real estate for sale in Decatur include 5 office building for sale listing(s).

If your investment strategy is focused on warehousing, logistics, or similar property types, you’ll find 12 industrial real estate for sale listing(s) currently marketed in Decatur.

Interested in retail property investment? The local market currently offers 4 retail space for sale listing(s), complete with essential listing details, property data, and broker contact information.

Decatur, IL Commercial Real Estate Listings for Sale

Property type No. of Listings Total Sq. Ft.

Office 5 146,593

Retail 4 418,356

Industrial 12 1,966,440

Other 17 167,094

Shopping for a certain type of commercial property? Visit our dedicated pages for office property for sale, retail space for sale, or industrial real estate for sale to see what local investment opportunities are currently listed.

Buying Commercial Property in Decatur, IL

When acquiring commercial property, you are likely to take into consideration some of the same factors that go into choosing a space to rent: location, size, configuration, the condition of the property, and costs. However, some aspects might be more relevant to consider when looking to buy property, such as: the zoning and what property improvements or transformations it allows; how flexible the property is in terms of repositioning or adaptive reuse improvements (some configurations lend themselves to transformation more easily than others); and what equity potential the investment might have.

Additionally, it is highly recommended that you enlist the expertise of professionals who are knowledgeable not only in the complexities of property acquisitions, but also in the untapped investment potential in their local markets.

Where You Are Most Likely to Find Commercial Space in Decatur, IL

The best areas of the market may vary depending on the type of commercial real estate you are interested in, either for rent or for sale. For instance, while office properties and retail space are often located relatively close to each other, some industrial real estate tends to be zoned separately.

In Decatur, IL, you will find the highest number of commercial property for rent or for sale listings in the GM Square neighborhood. Searching by different property types, you’ll find that the GM Square neighborhood currently offers the highest number of office space opportunities. Meanwhile, you’ll find the highest number of local retail for rent or investment listings in the GM Square neighborhood. Industrial opportunities on the local market are mostly concentrated in the Greenwich - Virginia neighborhood.

Find Commercial Real Estate Near Me

Whether you are looking to rent or to buy, you can easily find the right commercial space in your preferred location, with PropertyShark. Our interactive map navigation modes include the possibility to bring up listings in the area of your current map view, as well as the option to draw a polygon to determine an exact search area, and a radius tool with which you can search for listings around a particular point of interest. Reach out to property representatives to schedule a tour or request more information, using the quick contact tool available with each listing search result.