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    1312 Wabash Ave Springfield, IL 62704

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    For Lease
    $18 SF/Yr ($1,875 /Mo)

    Retail space available in high-traffic Wabash Ave corridor.

    Property size:
    1,250 SF
    Lot size:
    0.70 Acres

    Property Features for 1312 Wabash Ave

    General Information

    Size
    1,250 SF
    Lot size
    0.70 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 Jerome Center

    This retail space is located in a new retail center in the Village of Jerome, part of the Springfield, IL MSA. Situated on the west end-cap, the space benefits from high traffic and visibility along the Wabash Avenue corridor. The property encompasses 1250 square feet and features a mostly open layout. It includes a storage room and an ADA-compliant restroom. Previously used as a gaming parlor, this space is available for lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sonic Drive-In Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.685858
    Latitude
    39.764068

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    FAQs

    What type of property is this?
    Retail space - Retail space available in high-traffic Wabash Ave corridor.
    Where is this retail space located?
    The property is located at 1312 Wabash Ave Springfield, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location on Wabash Ave corridor.; - West end-cap unit in a new retail center.; - Located in the Village of Jerome (Springfield, IL MSA).
    (217) 725-9518
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    1312 Wabash Ave Springfield, IL 62704
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    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
    1312 Wabash Ave Springfield, IL 62704
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