Decatur, IL Commercial Real Estate for Lease and Sale

Explore 56 listings of Decatur commercial real estate for lease and for sale to find the best space for your business.

LOT FOR SALE

1103 E Eldorado St, Clarendon Park, Decatur, IL
Property

VacantLand
For Sale

$195,000
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Medical Office For Sale

2980 N Main Street, GM Square, Decatur, IL
Property

Office

7,425 SF
Availability

1 Space

1,500 SF
For Lease

$13.50/SF/YR
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365 E Ash Ave

365 E Ash Ave, Windsor Village, Decatur, IL
Property

Office

30,575 SF
Availability

1 Space

1,029 SF
For Lease

$16.00/SF/YR
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Office Investment Property For Sale

385 E Ash Ave, Windsor Village, Decatur, IL
Property

Retail

5,720 SF
Year Built

1998
For Sale

$865,187
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Macon St. Multifamily

612 W Macon St, Near West Decatur, Decatur, IL
Property

Multi-Family

19,440 SF
Year Built

1940
For Sale

$1,040,000
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1690 Huston Dr

1690 Huston Dr, Moundford, Decatur, IL
Property

Office

6,300 SF
Availability

1 Space

6,300 SF
For Lease

$10.00/SF/YR
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S Albany Pl

S Albany Pl, Muffley, Decatur, IL
Property

VacantLand
For Sale

$230,000
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2015 E Olive Street

2015 E Olive Street, Fansfield, Decatur, IL
Property

Industrial

19,930 SF
Availability

1 Space

19,930 SF
Year Built

1969
For Lease

$4.00/SF/YR
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Medical Office For Sale

2980 N Main Street, GM Square, Decatur, IL
Property

Office

7,425 SF
For Sale

$450,000
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1690 HUSTON DRIVE

1690 Huston Dr, Moundford, Decatur, IL
Property

Office

63,000 SF
For Sale

$450,000
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INDUSTRIAL PROPERTY FOR SALE

765 E Pythian Ave, Hess Park, Decatur, IL
Property

Industrial

22,744 SF
For Sale

$800,000
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2161 E Pershing Rd

2161 E Pershing Rd, Greenwich - Virginia, Decatur, IL
Property

Industrial

10,950 SF
Availability

1 Space

10,950 SF
For Lease

$5.75/SF/YR
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Decatur Industrial Warehouse

3185-3195 Grand Prix Drive, Moundford, Decatur, IL
Property

Industrial

18,000 SF
Availability

2 Spaces

18,000 SF
Year Built

2007
For Lease

$7.00/SF/YR
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Office Investment Property For Sale

405 E Ash Ave, Windsor Village, Decatur, IL
Property

Office

11,469 SF
Year Built

1997
For Sale

$1,576,000
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4298 N Prospect St

4298 N Prospect St, Windsor Village, Decatur, IL
Property

Retail

33,000 SF
Availability

1 Space

33,000 SF
Year Built

1992
For Lease

$11.00/SF/YR
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1110 Arbor Drive

1110 Arbor Drive, Cresthaven, Decatur, IL
Property

Office

4,996 SF
Year Built

1999
For Sale

$479,000
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640 E Pershing Road

640 E Pershing Road, Country Acres Highland, Decatur, IL
Property

VacantLand
For Sale

$700,000
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1110 Arbor Drive

1110 Arbor Drive, Cresthaven, Decatur, IL
Property

Office

4,996 SF
Availability

1 Space

1,790 SF
Year Built

1999
For Lease

$12.00/SF/YR
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539 E Eldorado St

539 E Eldorado St, Decatur Central Bussines District, Decatur, IL
Property

Retail

432 SF
Availability

1 Space

10,454 SF
Year Built

1967
For Lease

$1,000.00/MO
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625 W South Side Dr

625 W South Side Dr, Enterprise, Decatur, IL
Property

Industrial

468,354 SF
Availability

2 Spaces

439,177 SF
For Lease Contact for pricing
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228-248 W Main Street

228-248 W Main Street, Near West Decatur, Decatur, IL
Property

Multi-Family

7,680 SF
Year Built

1920
For Sale

$695,000
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1421 E Eldorado St

1421 E Eldorado St, Clarendon Park, Decatur, IL
Property

Retail

1,641 SF
Availability

1 Space

1,641 SF
For Lease

$11.00/SF/YR
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2580 Federal Drive

2580 Federal Drive, Moundford, Decatur, IL
Property

Office

3,000 SF
Availability

1 Space

3,000 SF
Year Built

1980
For Lease

$3,000.00/SF/YR
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801 South Jasper St

801 South Jasper St, John's Hill - Mueller Park, Decatur, IL
Property

VacantLand

0.43 Acre
For Sale

$56,190
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2965 N Main St

2965 N Main St, GM Square, Decatur, IL
Property

Office
Availability

1 Space

3,000 SF
For Lease Contact for pricing
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2499 N. Monroe Street

2499 N. Monroe Street, French Quarters, Decatur, IL
Property

Office

2,050 SF
Availability

1 Space

1,835 SF
Year Built

1971
For Lease

$18.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Decatur commercial real estate market incorporates 104,600 square feet of office space across 21 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Decatur commercial real estate market includes 574,780 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Decatur market, there is a total of 606,894 square feet of industrial property.

The listing inventory in Decatur incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Decatur is represented by Industrial space, which accounts for 541,557 square feet of available listings. Retail space available in Decatur adds up to 198,738 square feet.

Meanwhile, most of the listings of commercial property for sale in Decatur are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Decatur is $11.46 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Decatur can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Decatur, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Decatur is in the Northland Heights neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the GM Square area.

Meanwhile, retail space opportunities are most abundant in the Northland Heights submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Moundford.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $1000 per square foot. In particular, the property type commanding the highest lease rates in Decatur was Office space.

The average size of a commercial property in Decatur depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Decatur, the average size of an office property is 6,538 square feet.
Retail properties here incorporate an average of 33,811 square feet.
Industrial space in Decatur is in buildings that are, on average 75,862 square feet in size.

Decatur, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Decatur currently add up to 830,631 square feet. The market offers 14 active office listing(s), which amount to 59,844 square feet and account for 37% of commercial spaces on the market. Local retail availability includes 198,738 square feet across 15 retail space(s). Industrial space for rent opportunities in Decatur amount to 541,557 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	14	59,844
Retail	15	198,738
Industrial	7	541,557
Other	1	30,492

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Decatur, IL. Currently, there is 241,181 square feet of commercial property for sale here , which includes 7 office building(s) for sale , 5 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	7	99,917
Retail	5	61,642
Industrial	2	52,502
Other	10	27,120

Decatur, IL Commercial Real Estate for Lease and Sale

LOT FOR SALE

Medical Office For Sale

365 E Ash Ave

Office Investment Property For Sale

Macon St. Multifamily

1690 Huston Dr

S Albany Pl

2015 E Olive Street

Medical Office For Sale

1690 HUSTON DRIVE

INDUSTRIAL PROPERTY FOR SALE

2161 E Pershing Rd

Decatur Industrial Warehouse

Office Investment Property For Sale

4298 N Prospect St

1110 Arbor Drive

640 E Pershing Road

1110 Arbor Drive

539 E Eldorado St

625 W South Side Dr

228-248 W Main Street

1421 E Eldorado St

2580 Federal Drive

801 South Jasper St

2965 N Main St

2499 N. Monroe Street

Frequently Asked Questions

Decatur, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Decatur, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Decatur, IL?

What factors affect the price of commercial real estate in Decatur, IL?

What is the average rent for commercial space in Decatur, IL?

What are the best areas for commercial real estate in Decatur, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Decatur, IL?

Decatur, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us