Grocery Store

Springfield, IL Grocery And Convenience Stores for Sale

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Grocery-Anchored Shopping Center
Updated: Jun 2
Grocery-Anchored Shopping Center

1861-1927 E Sangamon Ave, Springfield, IL 62707

$17,385,000
Schnucks serves as the grocery anchor
100% occupied retail center
Tenant roster includes Planet Fitness, USPS, Pet Supplies Plus, Rent‑A‑Center, and Sally Beauty
Average tenancy exceeds 16 years
Direct access to I‑55 from E Sangamon Avenue
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Mixed-Use Building with Auto Bays
Updated: Apr 12
Mixed-Use Building with Auto Bays

2532 RIDGE Avenue, Springfield, IL 62702

Contact for pricing
7,700 sqft
7,700‑square‑foot mixed‑use building with convenience store and former automotive repair shop
5,400‑square‑foot shop area with 7 bays and 4 lifts
Convenience store has a new 10‑year lease with 2% escalators
New parking lot completed in 2022
Located at 2532 Ridge Avenue in Springfield, IL 62702
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Family Dollar Investment Opportunity
Family Dollar Investment Opportunity

1315 N Water St, Decatur, IL 62526

Contact for pricing
14,490 sqft

NNN leased Family Dollar with strong corporate guarantee.

View details
Branded Convenience Store and Fuel Site
Branded Convenience Store and Fuel Site

1420 E Pershing Rd, Decatur, IL 62526

Contact for pricing
1,250 sqft 0.75 AC lot

Phillips 66 convenience store with fuel sales and a long-term contract, operating 5:00 AM to 11:00 PM.

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Former Save a Lot Grocery Building
Former Save a Lot Grocery Building

210 S Western Ave, Peoria, IL 61605

Contact for pricing

Dark retail asset retains rent obligations through June 20, 2024.

View details
Multi-Tenant Shopping Center
Multi-Tenant Shopping Center

200 N MacArthur Hwy, Peoria, IL 61605

Contact for pricing

Retail center with gas station, convenience store, credit union, and fashion retail occupants.

View details

Off-Market Properties in Springfield, IL

Consider similar Off-Market properties in Springfield, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

920 Grand Ave
Individual retail properties

920 Grand Ave, Springfield, IL 62702

Value Estimation by Request
15,251 sqft 1.95 AC lot
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2707 Sangamon Ave
Restaurants

2707 Sangamon Ave, Springfield, IL 62702

Value Estimation by Request
0.93 AC lot
View details
1413-1429 Cook St
Individual retail properties

1413-1429 Cook St, Springfield, IL 62703

Value Estimation by Request
7,706 sqft 0.79 AC lot
View details
3100 Ridge Ave
Individual retail properties

3100 Ridge Ave, Springfield, IL 62702

Value Estimation by Request
10,640 sqft 1.38 AC lot
View details

Springfield, IL Grocery And Convenience Stores Market Trends and Statistics

Explore 6 grocery and convenience stores for sale in Springfield, IL on our real estate platform. These investment opportunities span a total of 7,700 square feet of properties for sale, with an estimated market value of $17,385,000.

Sale prices for supermarkets in Springfield, IL average $17,385,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 38
Shopping centers 29
Automotive properties 15
Auto shops 9
Drug stores 5

Demographics Overview

Population 138K
Population Growth (5Y) +1.9%
Median Household Income $70,314
College Educated 9.5%

High-Yield Neighborhoods for Investment

Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
62704 $2.5M

Taxes & Financing

Tax Rate (average for all types) 8.64%
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sangamon County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 10,000 to 25,000 square foot range.

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