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    1861 E Sangamon Ave Springfield, IL 62702

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    For Lease
    $10 SF/Yr ($2,268 /Mo)

    Retail or office space available in high-traffic Sangamon Center.

    Property size:
    2,722 SF
    Lot size:
    12.83 Acres

    Property Features for 1861 E Sangamon Ave

    General Information

    Size
    2,722 SF
    Lot size
    12.83 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Blake Pryor

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

    Overview

    Retail Space in Sangamon Center

    Attractive retail or office space is available for lease at 1861 E Sangamon Ave, Springfield, IL, in the high-traffic, highly visible Sangamon Center North. The available space is a 2,722 square foot in-line suite located in the freestanding strip mall addition to the center. It features a large open layout with one restroom and a storage area. The landlord would accommodate a cell tower site, an ATM site, or some other small ground lease or build-to-suit opportunity. Current co-tenants include Schnucks, Planet Fitness, Pet Supplies Plus, Rent-A-Center, Pizza Hut, USPS, and Subway, among many others. Currently, there are two units available for lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sangamon Center North Shopping Mall Quick-Tag Pet Supply Store i.d. SPOT Pet Supply Store Pizza Hut Pizza Delivery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.630746
    Latitude
    39.831137

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    FAQs

    What type of property is this?
    Strip mall - Retail or office space available in high-traffic Sangamon Center.
    Where is this strip mall located?
    The property is located at 1861 E Sangamon Ave Springfield, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic, highly visible location in Sangamon Center North.; - Space is a **2,722 SF in-line suite.**; - Located in a freestanding strip mall addition.
    (217) 725-9518
    Request Owner's contact information
    1861 E Sangamon Ave Springfield, IL 62702
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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
    1861 E Sangamon Ave Springfield, IL 62702
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