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    1310-1320 S 5Th St Springfield, IL 62702

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    For Lease
    $9,583 /Mo ($8 SF/Yr)

    13,905 SF retail space available for lease.

    Property size:
    13,905 SF
    Lot size:
    1.20 Acres

    Property Features for 1310-1320 S 5Th St

    General Information

    Size
    13,905 SF
    Lot size
    1.20 Acres

    Source: Canvas Real Estate Agent Elan Rasansky

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

    Overview

    Retail Space Available For Lease

    This 13,905 square-foot retail space is available for lease. The property is currently occupied by Chicken, The Taco Joint, and Mekong Café. The lease is available at $115,000 per annum, on a gross lease basis. The current lease expires on May 31, 2026.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Old Town Mall

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.64919
    Latitude
    39.818089

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    FAQs

    What type of property is this?
    Shopping center - 13,905 SF retail space available for lease.
    Where is this shopping center located?
    The property is located at 1310-1320 S 5Th St Springfield, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - 13905 SF available space; - Existing tenants include Chicken, The Taco Joint, and Mekong Café; - Rent: $115,000 per annum, Gross
    (773) 887-8212
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    1310-1320 S 5Th St Springfield, IL 62702
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    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
    1310-1320 S 5Th St Springfield, IL 62702
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