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    3151-3193 S Veterans Pkwy Springfield, IL 62704

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    For Lease
    Contact for pricing

    21,500 SF retail space in super-regional retail corridor.

    Property size:
    21,500 SF
    Lot size:
    33.05 Acres

    Property Features for 3151-3193 S Veterans Pkwy

    General Information

    Size
    21,500 SF
    Lot size
    33.05 Acres

    Source: Metro Commercial Real Estate - Corporate Agent Jonathan Hyman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Prime Location

    This 21,500 square feet retail space is available for rent in a premier trade area. The property is adjacent to Hobby Lobby and shadow-anchored by Walmart and Target. It is well-positioned in a super-regional retail corridor, offering exceptional frontage and visibility on Veterans Parkway, which sees a traffic volume of 28,148 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.706212
    Latitude
    39.758366

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    FAQs

    What type of property is this?
    Retail space - 21,500 SF retail space in super-regional retail corridor.
    Where is this retail space located?
    The property is located at 3151-3193 S Veterans Pkwy Springfield, IL.
    What are key features of this property?
    This property features: - Exceptional Frontage and Visibility on Veterans Pkwy (28,148 VPD); - Well-Positioned in Super-Regional Retail Corridor; - 21,500 SF Available in Premier Trade Area
    (224) 365-8144
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    3151-3193 S Veterans Pkwy 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
    3151-3193 S Veterans Pkwy Springfield, IL 62704
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