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    3101 S Macarthur Blvd Springfield, IL 62704

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    For Lease
    $18 SF/Yr ($3,750 /Mo)

    Up to 6,500 SF available, potential for bar setup.

    Property size:
    2,500 SF
    Lot size:
    0.88 Acres

    Property Features for 3101 S Macarthur Blvd

    General Information

    Size
    2,500 SF
    Lot size
    0.88 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 with Bar Potential

    Up to 6,500 square feet of retail space is available for lease. The space has the potential to be divided into multiple units. One option is a 4,000-square-foot end-cap unit that includes an existing bar setup and two restrooms. Alternatively, the space can be split into a 2,500-square-foot in-line suite, or two 1,250-square-foot in-line suites. The landlord will deliver the in-line spaces as vanilla boxes, ready for tenant buildout.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -89.668111
    Latitude
    39.762531

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    FAQs

    What type of property is this?
    Retail space - Up to 6,500 SF available, potential for bar setup.
    Where is this retail space located?
    The property is located at 3101 S Macarthur Blvd Springfield, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Up to 6,500 SF total space available.; - Potential for a **4,000 SF end-cap space with existing bar setup** and two restrooms.; - Divisible into multiple suites: 4,000 SF, 2,500 SF, or two 1,250 SF in-line suites.
    (217) 725-9518
    Request Owner's contact information
    3101 S Macarthur Blvd 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
    3101 S Macarthur Blvd Springfield, IL 62704
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