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Fully Leased Commercial Property
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1533-1535 Wabash Ave, Springfield, IL

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

Property Size8,364 SF
Lot Size0.58 Acres
Price / SF$54
Days on Market506

Property Features for 1533-1535 Wabash Ave

General Information

Standard status Active
Size 8,364 SF
Lot size 0.58 Acres
Property subtype RETAIL
Listing Agency: Todd P Smith Commercial Real Estate
Listed By: Todd P. Smith · License #471004523
Source: Moodyscre
Added: Mar 14, 2025 Changed: Jul 10 Last Checked: Jul 21 at 5:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Todd P Smith Commercial Real Estate

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

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

58
Businesses Nearby
Well-served
Demand for This Use

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Town & Country Shopping Center — 2403 S MacArthur Blvd, Springfield, IL 62704
  • Yard Shopping Center — 1650 Wabash Ave, Springfield, IL 62704
  • Montvale Commons — Chatham Rd, Springfield, IL 62704
  • Coin Cloud Bitcoin ATM — 1645 Wabash Ave, Jerome, IL 62704
  • Chatham Square — 1736 Wabash Ave, Springfield, IL 62704

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.
(217) 441-8000 Call to check price and availability
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