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    3111-3145 S Veterans Pkwy Springfield, IL 62704

    For Lease
    Contact for pricing

    Retail space available in a well-located Springfield power center.

    Property size:
    18,486 SF
    Lot size:
    33.05 Acres

    Property Features for 3111-3145 S Veterans Pkwy

    General Information

    Size
    18,486 SF
    Lot size
    33.05 Acres

    Source: LOCATION. Commercial Real Estate Agent Scott Bitney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Springfield Retail Space For Lease

    Located across from White Oaks Mall in Springfield, Illinois, this retail property offers space in a 370,000 square foot power center. The property is situated in a super-regional trade area and provides excellent visibility with 29,900 vehicles per day on Veterans Parkway and 21,100 vehicles per day on Wabash Avenue. Current tenants include major retail brands such as Best Buy, Ross Dress For Less, Old Navy, Academy Sports, PetSmart, DSW, and Barnes & Noble. Available spaces include a 18,486 square foot area suitable for retail use.
    Location Intelligence

    Current Use by Public Records

    Shopping malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.706215
    Latitude
    39.758603

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    FAQs

    What type of property is this?
    Shopping mall - Retail space available in a well-located Springfield power center.
    Where is this shopping mall located?
    The property is located at 3111-3145 S Veterans Pkwy Springfield, IL.
    What are key features of this property?
    This property features: - Located in a super-regional trade area across from White Oaks Mall.; - 370,000 SF power center.; - Excellent visibility with high traffic counts: **29,900 VPD on Veterans Parkway and 21,100 VPD on Wabash Ave.**
    (314) 276-4673
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    3111-3145 S Veterans Pkwy Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3111-3145 S Veterans Pkwy Springfield, IL 62704
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