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Strip Mall Near Lincoln’s Tomb
For Sale
$899,000

121 E N Grand Avenue, Springfield, IL 62702

Commercial Sale, Springfield, IL

Property SizeContact for details
Days on Market50

Property Features for 121 E N Grand Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning S-2
Directions Corner of North Grand and Monument
Standard status Active
APN 14220351031

Taxes and HOA fees

Tax Year 2025
Tax Description L 1-2&3 B 2 WADDELLS ADDN
Tax Annual Amount 29695
Legal Description L 1-2&3 B 2 WADDELLS ADDN
Listing Agency: Keller Williams Capital · Keller Williams Realty
Listed By: James Skeeters · License #475097981
Added: Aug 14 Changed: Aug 19 Last Checked: Oct 2 at 6:06AM
MLS# CA1045827

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This strip mall is an S-2-zoned retail property with a varied tenant mix. The center offers an established multi-tenant format suited to neighborhood and destination-oriented retail uses.

The property is on the north side of Springfield, a few blocks from Lincoln’s Tomb. It is also located a couple of miles from the airport and Interstate 55, with downtown Springfield nearby.

Key Highlights

  • S‑2 zoning
  • Strip mall with a varied tenant mix
  • Located on the north side of Springfield

Property Analytics

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Open Analytics

Current Use

Vision Care Associates Physician Ottino Jonathan L ... Physician Michael Bruce, OD Physician Scott Blomberg, OD Physician Papa John's Pizza Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,922
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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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Frequently Asked Questions

What type of property is this?
Strip mall - S-2-zoned retail property with a varied tenant mix near downtown Springfield.
Where is this strip mall located?
The property is located at 121 E N Grand Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: S‑2 zoning; Strip mall with a varied tenant mix; Located on the north side of Springfield
More about this property
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