Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Taylorville Crossing Title is generated by Realmo AI

    1528 W Springfield Rd, Taylorville, IL 62568

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    End-cap retail space in a Walmart Shadow Center.

    Type:Retail
    Property size:
    1,972 SF
    Added:
    Nov 22, 2023
    Days on Market:
    902
    Last Refresh:
    Mar 16 at 10:27 am

    Property Features for 1528 W Springfield Rd

    General Information

    Standard status
    Active
    Size
    1,972 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 1528 W Springfield Rd Contact us

    Suite 1528 $16 /Mo

    Size
    1,972 SF
    Type
    Retail
    Suite 1528 (1,972 SF) is the north end cap and was previously a ShopKo Optical shop...
    show more
    Contact us

    We can help!

    Listing Contact
    Blake Pryor

    Listing agent Blake Pryor License #475159138

    Listing office Coldwell Banker Commercial Devonshire Realty

    Listing date Nov 22, 2023

    Source Crexi

    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 Coldwell Banker Commercial Devonshire Realty

    HighLights

    • End‑cap location in a Walmart Shadow Center offering high visibility and exposure.
    • Located in a TIF District.
    • Complete buildout from 2022, previously a ShopKo Optical shop, ideal for an eye care center or optical sales shop.
    • High traffic count of 14,400 vehicles per day annually.
    • Prominent pylon signage available for tenant use.
    • Located in Taylorville Crossing with a variety of popular tenants.

    Overview

    This end-cap retail space is available for lease at Taylorville Crossing in Taylorville, Illinois. The property is situated in a Walmart Shadow Center and a TIF District. The location benefits from high visibility and exposure to approximately 14,400 vehicles per day annually. The available space, Suite 1528, encompasses 1,972 square feet and is the north end cap. It was previously a ShopKo Optical shop and features a complete buildout from 2022. The layout includes a large sales floor, an optical lab, a lab back with an office, exam rooms, and an ADA-compliant restroom. The shopping center provides prominent pylon signage for tenant use. Other tenants include Dollar Tree, Papa John’s (coming soon), Great Clips, H&R Block, Cricket, Dotty’s, Vapor Maven, a Chinese restaurant, and a nail spa (expanding soon). Major retailers in the vicinity include Walmart Supercenter, AT&T, Scooter’s Coffee, Steak ‘n Shake, Aldi, Farm & Home Supply, and Car Wash City. Taylorville is the county seat of Christian County, Illinois, located approximately 30 miles southeast of Springfield and 30 miles southwest of Decatur. The town offers a relatively low cost of living. This space is suitable for an eye care center and optical sales shop.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Taylorville
    County
    Christian
    State
    Illinois
    Longitude
    -89.313259
    Latitude
    39.570427

    Nearby Similar for Lease

    • Contact for pricing

      Taylorville Commercial Space For Lease

      Versatile commercial space near downtown Taylorville, Illinois.
      219 W Main Cross Street, Taylorville, IL 62568
      View Details
    • Contact for pricing

      Mixed-Use Property in Taylorville, IL

      Two-story mixed-use property with retail and residential units available for rent.
      101 S WALNUT Street, Taylorville, IL 62568
      View Details
    • $16 SF/Yr

      Retail End-Cap Space Available

      End-cap retail space in a busy shopping center.
      1514-1524 W Springfield Rd, Taylorville, IL
      View Details
    • Contact for pricing

      Taylorville Retail Space For Rent

      High-traffic retail space with remodeled interior and exterior.
      908 W Springfield Rd, Taylorville, IL 62568
      View Details

    FAQs

    What type of property is this?
    Retail space - End-cap retail space in a Walmart Shadow Center.
    Where is this retail space located?
    The property is located at 1528 W Springfield Rd Taylorville, IL.
    What are key features of this property?
    This property features: End‑cap location in a Walmart Shadow Center offering **high visibility and exposure.**; Located in a TIF District.; **Complete buildout from 2022**, previously a ShopKo Optical shop, **ideal for an eye care center or optical sales shop.**
    (217) 547-6650 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Blake Pryor
    Real Estate License ID: 475159138
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1528 W Springfield Rd, Taylorville, IL 62568
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!