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

121 E North Grand Avenue, Springfield, IL 62702

S-2-zoned retail center near downtown Springfield and major local destinations.

Property SizeContact for details
Days on Market6

Property Features for 121 E North Grand Avenue

General Information

Standard status Active
Property subtype Commercial

Building Details

Tenancy Multi
Listing Agency: Keller Williams Capital
Listed By: James Skeeters · License #RMA13770
Source: Ashleycoker
Added: Aug 25 Changed: Aug 30 Last Checked: Aug 30 at 1:40PM

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 S-2-zoned strip mall is positioned on the north side of Springfield and includes a range of existing tenants. The property offers a retail-oriented commercial format at 121 E North Grand Avenue, with a location suited to businesses serving nearby residents, visitors, and downtown users.

Lincoln’s Tomb is a few blocks away, while Springfield’s airport and Interstate 55 are each a couple of miles from the property. Downtown Springfield is also nearby, extending the surrounding context beyond the immediate north-side trade area.

Key Highlights

  • S‑2 zoning
  • Strip mall with a range of existing tenants
  • A few blocks from Lincoln’s Tomb

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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Strip mall - S-2-zoned retail center near downtown Springfield and major local destinations.
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: S‑2 zoning; Strip mall with a range of existing tenants; A few blocks from Lincoln’s Tomb
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