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Retail Space at Signalized Intersection
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3217 E Clear Lake Ave, Springfield, IL 62702

Retail space positioned at a signalized four-way intersection with visibility from the highway near I-55.

Property SizeContact for details
Days on Market121

Property Features for 3217 E Clear Lake Ave

General Information

Standard status Active
Property subtype Retail

Additional Details

Highway Access Yes
Listing Agency: Marcus & Millichap - San Francisco
Listed By: Ryan Wilmer · License #CA 01815949
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 5:09AM

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 Marcus & Millichap - San Francisco

Investment Insights

Based on property information with market context.

This retail space is located at a signalized four-way intersection, offering visibility from the highway. The property benefits from a nearby base of national retailers and service-oriented tenants.

Springfield, the capital of Illinois, is approximately one-half mile from I-55. The area is about 2.7 miles from downtown Springfield and roughly 15 minutes from Abraham Lincoln Capital Airport. Ricketts Park, home to the Connie Mack World Series, is approximately 1.5 miles away.

Nearby national tenants include McDonald’s, Starbucks, Walgreen’s, Subway, Circle K, Shell, BP, Little Caesars, and Chase Bank.

Key Highlights

  • Retail space located at a signalized four‑way intersection with highway visibility
  • Approximately one‑half mile from I‑55 (Illinois’ second‑longest interstate)
  • Nearby national tenants include McDonald’s, Starbucks, Walgreens, Subway, Circle K, Shell, BP, Little Caesars, and Chase Bank

Property Analytics

Current Use

Hardee's Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Restaurant Building Supply Hair Salon

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

232
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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space positioned at a signalized four-way intersection with visibility from the highway near I-55.
Where is this retail space located?
The property is located at 3217 E Clear Lake Ave Springfield, IL.
What are key features of this property?
This property features: Retail space located at a signalized four‑way intersection with highway visibility; Approximately one‑half mile from I‑55 (Illinois’ second‑longest interstate); Nearby national tenants include McDonald’s, Starbucks, Walgreens, Subway, Circle K, Shell, BP, Little Caesars, and Chase Bank
(415) 625-2162 Call to check price and availability
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