Listing Agency: Todd P Smith Commercial Real Estate Show Phone

Listed By: Todd P. Smith · License #471004523 Show Phone

Source: Moodyscre

Added: Mar 14, 2025 Changed: Sep 12 Last Checked: Sep 15 at 11:18AM

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Investment Insights

Based on property information with market context.

This fully leased commercial property is located off Wabash Ave in Springfield, IL. The location benefits from a traffic count of 25,400. The property is fully leased and generates strong monthly income from two retail businesses, a billboard, and parking rent from a nearby company. The property's tenants benefit from the current sales tax rate of 8.25%, enhancing its appeal as a retail location. The property size is 8,364 square feet.

Key Highlights

• Fully leased commercial property providing immediate income.
• Prime location off Wabash Ave with high traffic count (25,400).
• Diverse tenant base including retail businesses, billboard, and parking.

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Building Supply Kitchen & Bath Showroom Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

834

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Fully leased commercial property in Springfield, IL with strong income.

Where is this shopping center located?

The property is located at 1533-1535 Wabash Ave Springfield, IL.

What is the asking price?

The asking price for this property is $460,000.

What are key features of this property?

This property features: Fully leased commercial property providing immediate income.; Prime location off Wabash Ave with high traffic count (25,400).; Diverse tenant base including retail businesses, billboard, and parking.