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2939 Montvale Drive, Springfield, IL 62704

Commercial Lease, Springfield, IL

Space Size1,776 SF
Days on Market3

Property Features for 2939 Montvale Drive

General Information

Property type Commercial Lease
Property subtype Other
Zoning S-2
Directions Wabash to Montvale
Standard status Active
APN N

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Floors in Building 1
Flooring type Tile
Building materials Brick
Roof type Composition
Listing Agency: Keller Williams Capital · Keller Williams Realty
Listed By: Lacey Stephenson
Added: Sep 8 Last Checked: Sep 10 at 6:06AM
MLS# CA1046335

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,776-square-foot commercial space offers a versatile retail-oriented layout with brick construction, tile flooring, central air, and forced-air natural gas heating. Public sewer service and a composition roof are also in place. The property is currently occupied by a boutique and is expected to become available for a new user.

Located on Montvale Drive in Springfield, the space is zoned S-2. The listed configuration may accommodate specialty retail, a wellness studio, massage therapy, chiropractic services, a head spa, or professional office use, subject to applicable requirements. The lessee is responsible for utilities, garbage, and one-half of annual snow removal and mowing expenses; liability and renters insurance are required.

Key Highlights

  • 1,776‑square‑foot commercial space in Springfield
  • S‑2 zoning
  • Brick construction with tile flooring

Property Analytics

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Current Use

The Roost Clothing Store The Gallery The Art of Hair ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Building Supply Kitchen & Bath Showroom HVAC Service

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

1,045
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Springfield, IL

$18.6 /SF/Yr
Avg Asking Price
$13–$27 /SF/Yr
Price Range
7,099 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial space with tile flooring, central air, and S-2 zoning for flexible retail or professional use.
Where is this retail space located?
The property is located at 2939 Montvale Drive Springfield, IL.
What are key features of this property?
This property features: 1,776‑square‑foot commercial space in Springfield; S‑2 zoning; Brick construction with tile flooring
More about this property
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