Decatur, IL Commercial Real Estate for Lease and Sale

Explore 80 listings of Decatur commercial real estate to find the best space for your business.

Harrison Center - Pershing Plaza

1313 E Pershing Rd, Hess Park, Decatur, IL
Property

Retail

12,566 SF
Availability

3 Spaces

3,600 SF
For Lease

$10.00 - $12.00/SF/YR
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3130 N Woodford St

3130 N Woodford St, Moundford, Decatur, IL
Property

Office

3,270 SF
Availability

1 Space

3,270 SF
Year Built

1979
For Lease

$3,000.00/MO
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214 N Franklin St

214 N Franklin St, Decatur Central Bussines District, Decatur, IL
Property

Office

4,275 SF
Availability

1 Space

4,275 SF
For Lease Contact for pricing
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145 S. Water Street

145 S. Water Street, Decatur Central Bussines District, Decatur, IL
Property

Office

3,012 SF
Availability

1 Space

3,012 SF
Year Built

1869
For Lease

$16.00/SF/YR
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What type of listing property are you looking for?

Office Retail Industrial

Office Retail Industrial Land
Pinoy Asian Mart

4206 Prospect Drive, Windsor Village, Decatur, IL
Property

Retail

2,375 SF
Year Built

1999
For Sale

$120,000
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Courtyard Plaza - Strip Center

2950 N WATER ST , The Elms, Decatur, IL
Property

Retail

10,967 SF
For Sale

$1,250,000
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1647 E Eldorado St

1647 E Eldorado St, Clarendon Park, Decatur, IL
Property

VacantLand
For Sale

$95,000
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2325 E Logan St

2325 E Logan St, Grant Park, Decatur, IL
Property

Industrial

29,758 SF
Availability

1 Space

29,000 SF
Year Built

1964
For Lease

$4.50/SF/YR
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2500 N 22nd St

2500 N 22nd St, Greenwich - Virginia, Decatur, IL
Property

Industrial

488,000 SF
Availability

1 Space

488,000 SF
For Lease Contact for pricing
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Decatur Industrial Opportunity

1902 N Water St, Martin Luther King, Decatur, IL
Property

Industrial

29,000 SF
Year Built

1913
For Sale

$400,000
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Centre 121

2002-2056 S. Mount Zion Road, Muffley, Decatur, IL
Property

Retail

87,047 SF
Availability

5 Spaces

21,194 SF
Year Built

1970
For Lease

$12.00 - $16.00/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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666 W Eldorado St

666 W Eldorado St, Garfield Park, Decatur, IL
Property

Retail

2,500 SF
For Sale

$119,900
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1355 W King St

1355 W King St, Fairlawn, Decatur, IL
Property

Retail

1,840 SF
Availability

1 Space

1,840 SF
For Lease

$12.00/SF/YR
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1627 E Eldorado St

1627 E Eldorado St, Clarendon Park, Decatur, IL
Property

Retail

1,700 SF
Availability

1 Space

1,700 SF
Year Built

2013
For Lease

$2,000.00/MO
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2881 E Parkway Dr

2881 E Parkway Dr, Spencer Park, Decatur, IL
Property

Industrial

32,995 SF
Year Built

1978
For Sale

$825,000
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333 E Pershing Rd

333 E Pershing Rd, The Elms, Decatur, IL
Property

Office

19,518 SF
Availability

1 Space

3,609 SF
Year Built

1975
For Lease Contact for pricing
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3090 N Main Street

3090 N Main Street, Northland Heights, Decatur, IL
Property

Office

10,160 SF
Year Built

1994
For Sale

$1,247,500
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Downtown TIF District

248-252 North Park Street, Decatur Central Bussines District, Decatur, IL
Property

Retail

11,884 SF
For Sale

$695,000
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7 Brew Coffee

550 East Pershing Road, Country Acres Highland, Decatur, IL
Property

Retail

510 SF
Year Built

2024
For Sale

$1,538,000
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2779 N Water St

2779 N Water St, GM Square, Decatur, IL
Property

Retail

2,025 SF
Availability

1 Space

2,025 SF
Year Built

1969
For Lease

$3,100.00/MO
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Fully Leased Office Building - Investment Opportunity

1070 West South Side Drive , Enterprise, Decatur, IL
Property

Office

2,500 SF
Year Built

2015
For Sale

$398,000
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511 N Brush College Rd

511 N Brush College Rd, Staley, Decatur, IL
Property

Retail

2,000 SF
Availability

1 Space

2,000 SF
For Lease

$2,100.00/MO
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Brettwood Village Shopping Center

NEC Pershing Road and Water Street, Northland Heights, Decatur, IL
Property

Retail

205,192 SF
Availability

14 Spaces

50,857 SF
For Lease Contact for pricing
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989-995 W. Harrison Avenue

989-995 W. Harrison Avenue, North East Decatur, Decatur, IL
Property

Retail

2,911 SF
Year Built

1958
For Sale

$145,000
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2560 Federal Drive

2560 Federal Drive, Moundford, Decatur, IL
Property

Office

1,300 SF
Availability

1 Space

1,300 SF
Year Built

1984
For Lease

$1,000.00/MO
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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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3085 N. Kandy

3085 N. Kandy, Moundford, Decatur, IL
Property

Office

2,200 SF
Availability

1 Space

2,200 SF
For Lease

$2,500.00/MO
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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 102,735 square feet of office space across 25 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 577,076 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 1,443,143 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 1,046,857 square feet of available listings. Retail space available in Decatur adds up to 186,267 square feet.

Meanwhile, most of the listings of commercial property for sale in Decatur are in the Retail 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 $12.15 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 Windsor Village 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 Enterprise.

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 $16 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 5,137 square feet.
Retail properties here incorporate an average of 23,084 square feet.
Industrial space in Decatur is in buildings that are, on average 111,011 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 1,321,735 square feet. The market offers 16 active office listing(s), which amount to 50,619 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 193,767 square feet across 22 retail space(s). Industrial space for rent opportunities in Decatur amount to 1,046,857 square feet across a total of 8 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	16	50,619
Retail	22	193,767
Industrial	8	1,046,857
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 603,491 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 11 retail investment opportunity listing(s) , and 7 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	9	114,930
Retail	11	60,047
Industrial	7	424,690
Other	9	3,824

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

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