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Multi-Tenant Strip Mall
New
For Sale
$899,000

121 E North Grand Avenue, Springfield, IL 62702

S-2-zoned retail property near downtown Springfield with multiple tenant spaces.

Property Size12,070 SF
Price / SF$74.48
Days on Market7

Property Features for 121 E North Grand Avenue

General Information

Standard status Active
Size 12,070 SF
Property subtype Commercial
Zoning S-2

Taxes and HOA fees

Annual Taxes $29,694

Building Details

Building Size 12,070 SF
Buildings 1
Tenancy Multi
Listing Agency: Keller Williams Capital
Listed By: James Skeeters · License #475097981
Source: Craggsrealtors
Added: Aug 14 Changed: Aug 20 Last Checked: Aug 20 at 5:12AM

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 Keller Williams Capital

Investment Insights

Based on property information with market context.

This 12,070-square-foot strip mall is positioned as a multi-tenant retail property with a range of occupants. The asset carries S-2 zoning and is located at 121 E North Grand Avenue in Springfield, Illinois.

The property is a few blocks from Lincoln's Tomb and near downtown Springfield. The airport and Interstate 55 are each approximately a couple of miles away, providing access to major local destinations and regional transportation routes.

Key Highlights

  • 12,070‑square‑foot strip mall
  • S‑2 zoning
  • Multi‑tenant retail property with a range of occupants

Property 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 HVAC Service Auto Parts Store Grocery & Convenience Store Electrical Service

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - S-2-zoned retail property near downtown Springfield with multiple tenant spaces.
Where is this strip mall located?
The property is located at 121 E North 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: 12,070‑square‑foot strip mall; S‑2 zoning; Multi‑tenant retail property with a range of occupants
More about this property
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