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    2800-2808 SW Plaza Dr Springfield, IL 62704

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    For Sale
    $4,095,000

    Retail property in high-traffic location near major retailers.

    Property size:
    11,873 SF
    Lot size:
    1.04 Acres

    Property Features for 2800-2808 SW Plaza Dr

    General Information

    Size
    11,873 SF
    Lot size
    1.04 Acres

    Source: LOCATION. Commercial Real Estate Agent Ben Weis

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

    Overview

    Retail Outparcel in Shopping Center

    This retail property is an outparcel to the Southwest Plaza Shopping Center, anchored by Academy Sports. The location benefits from its position in a main retail corridor, surrounded by national retailers such as Walmart, Target, Lowes, Hobby Lobby, Best Buy, and Kohls, and is located across from the White Oaks Mall. The property has a high traffic location with over 30,800 vehicles per day on South Veterans Parkway. The property includes national and regional tenants with over 11 years of tenure. Recent capital improvements include a parking lot replacement in 2023. The property size is 11,873 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip 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.

    Similar Places Nearby

    Southwest Plaza, White Oaks Plaza, Sherwood Plaza, Coin Cloud Bitcoin ATM, Parkway Pointe

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.708311
    Latitude
    39.773832

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    FAQs

    What type of property is this?
    Shopping center - Retail property in high-traffic location near major retailers.
    Where is this shopping center located?
    The property is located at 2800-2808 SW Plaza Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $4,095,000.
    What are key features of this property?
    This property features: - Outparcel to Southwest Plaza Shopping Center with Academy Sports.; - High traffic location - **30,800+ VPD on South Veterans Pkwy.**; - Located in main retail corridor surrounded by national retailers.
    (314) 629-6532
    Request Owner's contact information
    2800-2808 SW Plaza Dr Springfield, IL 62704
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    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
    2800-2808 SW Plaza Dr Springfield, IL 62704
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