Decatur, IL
Commercial Real Estate Market Trends & Data

$103 Avg asking sale price
$12 Avg asking lease rate
21,449 SF Avg unit lease size
14,590 SF Avg building size for sale
9.08% Average cap rate

Decatur's Demographic Profile

Decatur has 30,308 households and a median income of $42,212, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 69,099
# Households 30,308
Median age 40
Median household income $42,212
Avg household size 2.0
Renter-occupied housing units 12,839
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Decatur, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Decatur $69 12,138 SF 9.36%
Lincoln $81 5,210 SF 9.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Decatur $256 8,857 SF
Forsyth $207 11,350 SF
Clinton $85 34,749 SF
Lincoln $78 11,500 SF
Springfield $103 32,789 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Decatur $70 25,722 SF 14.50%
Harristown $160 10,588 SF 9.90%
Springfield $69 30,883 SF 9.88%
Champaign $165 15,718 SF 10.52%
Bloomington $115 17,299 SF 9.33%

Commercial Properties For Sale in Decatur

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1311 IL-48

Decatur, IL 62526

  • 12,918 SF Retail Building
  • 7.45% Cap Rate
  • $3,470,000
For Sale

1310 E Pershing Rd

Decatur, IL 62526

  • 2,530 SF Retail Building
  • $299,999
For Sale

1420 E Pershing Rd

Decatur, IL 62526

  • 1,250 SF Retail Building
  • $700,000
For Sale

Family Dollar

Decatur, IL 62526

  • 14,490 SF Retail Building
  • 10.55% Cap Rate
  • $2,900,000
For Sale

160-190 N. Merchant Street

Decatur, IL 62523

  • 17,784 SF Retail Building
  • $495,000
For Sale

1004 W Eldorado St

Decatur, IL 62522

  • 3,755 SF Specialty
  • $900,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Decatur pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Decatur $103 14,590 SF
Harristown $113 10,588 SF
Forsyth $208 9,275 SF
Mount Zion $116 8,287 SF
Warrensburg $352 1,800 SF

Regional Demographic Comparison

This comparison places Decatur alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Decatur or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Decatur 69,099 30,308 40 $42,212 2 12,839 -2%
Harristown 1,119 472 47 $63,500 2 64 -5%
Forsyth 3,273 1,245 45 $97,589 3 199 -4%
Mount Zion 5,561 2,201 42 $90,090 3 496 -3%
Warrensburg 1,027 401 41 $83,750 3 85 -6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Decatur, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Decatur

View All Commercial Real Estate For Sale in Decatur
Is Decatur a good market for a first-time commercial real estate investor?

Decatur offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Decatur?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Decatur. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Decatur?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Decatur. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Decatur compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Decatur. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Decatur acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Decatur, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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