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Lower-Level Retail Space
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987 Clock Tower Drive, Springfield, IL 62704

Commercial Lease, Springfield, IL

Space SizeContact for details
Days on Market2

Property Features for 987 Clock Tower Drive

General Information

Property type Commercial Lease
Property subtype Other
Zoning S2
Directions W Monroe to clocktower dr turn right
Standard status Active
APN L 4 CLOCK TOWER VILLAGE

Taxes and HOA fees

Tax Annual Amount 18436

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Flooring type Tile
Building materials Brick, Vinyl Siding
Listing Agency: The Real Estate Group, Inc.
Listed By: Xuna Hu
Added: Aug 25 Last Checked: Aug 26 at 2:06PM
MLS# CA1046015

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.

Approximately 450 square feet of retail space is available on the lower level of a commercial building at 987 Clock Tower Drive. The suite has tile flooring, forced-air heating, and central air conditioning, with brick and vinyl siding forming the building exterior. Public sewer service is in place.

The lower level includes several hair, beauty, and personal-care businesses, providing an established commercial setting for a small-format retail or service operation. The property carries S2 zoning, and the address is in Springfield, Illinois, within ZIP code 62704.

Key Highlights

  • Approximately 450 square feet of lower‑level retail space
  • S2 zoning
  • Existing lower‑level hair, beauty, and personal‑care businesses

Property Analytics

Current Use

Authentic Styles Hair ... Hair Salon Do or Dye Hair Salon

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store 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

1,088
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

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - The space has tile flooring, forced-air heat, and central air conditioning.
Where is this retail space located?
The property is located at 987 Clock Tower Drive Springfield, IL.
What are key features of this property?
This property features: Approximately 450 square feet of lower‑level retail space; S2 zoning; Existing lower‑level hair, beauty, and personal‑care businesses
More about this property
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