Listing Agency: The Real Estate Group, Inc. m***@thegroup.com Show Phone

Listed By: Bill Marriott · License #475116051 Show Phone

Added: Jun 12 Changed: Aug 4 Last Checked: Aug 26 at 11:06AM

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MLS# CA1044423

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Investment Insights

Based on property information with market context.

This 1000-square-foot retail space is located within Montvale Shopping Center at 1927 W Iles Avenue in Springfield, Illinois. The space is available for lease and carries Retail zoning.

The property is suited to either a retail shop or office use, providing a flexible commercial setting within an established shopping center.

Key Highlights

• 1000 square feet of available retail space
• Located in Montvale Shopping Center
• Retail zoning

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

842

Businesses Nearby

Explore this area Business Placement

Demographics for 62704, IL

39,157

Population

20,706

Households

1.9

Avg Household Size

40

Median Age

42%

College-Educated

95%

High-School Grad

12.2 sq mi

ZIP Area

3,210

Density / Sq Mi

$66,352

Median Household Income

$44,793

Median Earnings

$924

Median Rent

$166,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Available space with retail zoning may accommodate a shop or office.

Where is this retail space located?

The property is located at 1927 W Iles Avenue Springfield, IL.

What are key features of this property?

This property features: 1000 square feet of available retail space; Located in Montvale Shopping Center; Retail zoning