Decatur, IL Retail Space for Lease

Search 24 retail listings in Decatur, IL and find helpful local stats in the Market Overview section below.

170 W. Wood Street

170 W. Wood Street, Near West Decatur, Decatur, IL
Property

Retail

600 SF
Availability

1 Space

600 SF
Year Built

1925
For Lease

$550.00/MO
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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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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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Fairview Park Plaza

1401 W King Street, Fairlawn, Decatur, IL
Property

Retail

170,000 SF
Availability

6 Spaces

28,074 SF
Year Built

1977
For Lease

$8.00 - $12.00/SF/YR
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Retail Space Rents in Decatur, IL

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Decatur asks $12.5 per square foot.

Retail Space Lease Types in Decatur, IL

The most common type of lease agreement you’ll find here is NNN, with 14 space(s) available under this type of arrangement. The local market is also home to 6 retail space(s) offered under a Modified Gross lease agreement type, and 4 Full Service listing(s).

Most Common Type of Lease for Retail Buildings in Decatur, IL

NNN 14
Modified Gross 6
Full Service 4

Average Size of Retail Space for Lease in Decatur, IL

The average size for this type of rental opportunity in Decatur is 1,000 sqft to 2,500 sqft. Currently, the local market offers 17 listing(s) within that size range. You can also search 15 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Decatur, IL

Retail space in Decatur comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Street Retail and you can find 1 such space(s) available.  

Street Retail spaces listed for rent here have an average size of 1,300 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Decatur, IL

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Northland Heights is your top choice for lease opportunities, as it is currently home to the highest number of listings — 14 retail space(s).

Decatur’s second most popular area is GM Square, where you can find 9 retail listing(s).

Fairlawn is also among the best areas to search for your next commercial space. Here you can find 7 retail space(s) available for consideration by prospective tenants, of which 1 are Strip Retail.

Top Locations to Lease Retail Space in Decatur, IL

Northland Heights

GM Square

Fairlawn

Muffley

Near West Decatur

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.

Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Decatur real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 2.5% of the city’s total retail real estate.

Distribution of LEED-Certified Retail Properties in Decatur, IL

LEED

Data based on retail spaces listed for rent on CommercialSearch.com

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Decatur, IL Retail Space for Lease

170 W. Wood Street

1627 E Eldorado St

Brettwood Village Shopping Center

Fairview Park Plaza

Retail Space Rents in Decatur, IL

Retail Space Lease Types in Decatur, IL

Most Common Type of Lease for Retail Buildings in Decatur, IL

Average Size of Retail Space for Lease in Decatur, IL

Retail Space Types You Can Lease in Decatur, IL

Top Locations to Lease Retail Space in Decatur, IL

Top Locations to Lease Retail Space in Decatur, IL

Key Factors to Consider When Choosing a Retail Space for Lease

Distribution of LEED-Certified Retail Properties in Decatur, IL

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