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Grocery-Anchored Commercial Land
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1201 Savoy Plaza Ln, Savoy, IL 61874

Outparcel site supports build-to-suit or ground lease flexibility with shared access and visibility within an established shopping center.

Space SizeContact for details
Lot Size0.89 Acres
Days on Market130

Property Features for 1201 Savoy Plaza Ln

General Information

Standard status Active
Lot size 0.89 Acres
Property subtype LAND

Spaces For Lease

at 1201 Savoy Plaza Ln Contact us

1201 Savoy Plaza Ln

Type
LAND
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Anchored by Schnucks, one of the largest grocers in the Midwest - National tenants...
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Listing Agency: Phillips Edison & Company - Corporate
Listed By: Denny Burns
Source: Moodyscre
Added: Apr 23 Changed: Aug 30 Last Checked: Jul 27 at 4:33AM

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 Phillips Edison & Company - Corporate

Investment Insights

Based on property information with market context.

This commercial land offering is an outparcel at Savoy Plaza, a grocery-anchored shopping center with Schnucks, Dollar Tree, Goodwill, Massage Envy, and Buffalo Wild Wings. The site is positioned at the front of the center and includes shared access with clear sightlines. Build-to-suit and ground lease structures are supported, with drive-thru and pad-format concepts subject to approvals.

The property is located at 1201 Savoy Plaza Ln in Savoy, along N. Dunlap Avenue / U.S. Route 45. The corridor records 16,200+ vehicles per day, while more than 63,800 people live within a three-mile radius. The surrounding trade area also includes established daily-needs retail and service uses.

Key Highlights

  • Outparcel at grocery‑anchored Savoy Plaza with Schnucks and multiple national and regional tenants
  • Build‑to‑suit or ground lease flexibility
  • Front‑of‑center position with clear sightlines and shared access

Property Analytics

Current Use

Savoy Plaza Business Service Center Goodwill Discount Store

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Restaurant Auto Parts Store

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

305
Businesses Nearby
96k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 34% Groceries 28% Dining 27% Apparel 9%
Schnucks Groceries
26,472 visits/mo 0.1 miles
Dollar Tree Shops & Services
15,366 visits/mo 0.2 miles
Thorntons Shops & Services
13,306 visits/mo 0.4 miles
Buffalo Wild Wings Dining
11,011 visits/mo 0.2 miles
Goodwill Apparel
8,704 visits/mo 0.1 miles

Demographics for 61874, IL

8,739
Population
3,755
Households
2.3
Avg Household Size
36
Median Age
58%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
1,433
Density / Sq Mi
$88,431
Median Household Income
$52,921
Median Earnings
$954
Median Rent
$274,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Outparcel site supports build-to-suit or ground lease flexibility with shared access and visibility within an established shopping center.
Where is this commercial land located?
The property is located at 1201 Savoy Plaza Ln Savoy, IL.
What are key features of this property?
This property features: Outparcel at grocery‑anchored Savoy Plaza with Schnucks and multiple national and regional tenants; Build‑to‑suit or ground lease flexibility; Front‑of‑center position with clear sightlines and shared access
(540) 456-9942 Call to check price and availability
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