Springfield, IL Shopping Centers for Sale

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Updated: Apr 14

5-Unit Strip Mall

2940 CONSTITUTION Drive, Springfield, IL 62704

$2,500,000

2.97 AC lot

5 total units with 4 currently occupied
2.97‑acre commercial property in Parkway Point Development
Current tenants include The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart
Commercial zoning with public sewer and water available
Surrounded by Target, Skyzone, Walmart, Crumbl, Starbucks, Portillo's, and The Crafted Stag Supply

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Updated: Aug 6

Strip Mall with Drive-Up Window

2601 STEVENSON Drive, Springfield, IL 62707

$1,060,000

Approximate traffic count of 33,000
3 min to the I‑55 ramp and 5 min from downtown Springfield
Four roof air units replaced in 2025
Drive‑up window installed in 2024
B‑2 zoning

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Strip Mall Near Lincoln’s Tomb

121 E N Grand Avenue, Springfield, IL 62702

$899,000

S-2-zoned retail property with a varied tenant mix near downtown Springfield.

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Strip Mall with Interstate Frontage

3101 - 3173 South Dirksen Parkway, Springfield, IL 62703

$3,200,000

56,193 sqft 14.00 AC lot

Multi-tenant retail center with established retailers, a large-format vacancy, and newly executed lease commitments.

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Mixed-Use Retail and Restaurant Property

107 W COOK Street, Springfield, IL 62704

$450,000

1.30 AC lot

Historic shopping center offers multiple retail and restaurant lease options, including atrium space and a former restaurant location.

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Fully Occupied Community Shopping Center

1812 Adlai Stevenson Drive, Springfield, IL 62703

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32,080 sqft 2.35 AC lot

32,080-square-foot community retail center in Springfield with 10 long-term tenants and below-average in-place rents.

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Shopping Center with LED Lighting

1650 Wabash Ave, Springfield, IL 62704

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49,760 sqft

Retail center with established tenants, updated exterior improvements, and access to Springfield’s Wabash Avenue commercial corridor.

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Development Lot at Sports Park

Lot 18 Lincolnshire Boulevard, Springfield, IL 62704

$947,865

Parcel at Scheels Sports Park at Legacy Pointe within a mixed-use development featuring an air-supported sports dome.

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Grocery-Anchored Shopping Center

1861-1927 E Sangamon Ave, Springfield, IL 62707

$17,385,000

Fully leased retail center with established national and regional tenants and completed roof, parking lot, and facade improvements.

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Historic Mixed-Use Retail Destination

107 W Cook St & 620 S 1st St, Springfield, IL 62704

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53,423 sqft

Historic Springfield mall with retail, restaurant, and flexible spaces.

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Retail Strip Center with Medical Anchor

2936 S 6th St, Springfield, IL 62703

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11,054 sqft 1.27 AC lot

Renovated multi-tenant retail center with a medical anchor and net-lease structure.

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Fully Leased Commercial Property

1533-1535 Wabash Ave, Springfield, IL

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8,364 sqft 0.58 AC lot

Fully leased commercial property in Springfield, IL with strong income.

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Five-Tenant NNN Retail Center

4525 Wabash Ave, Springfield, IL 62711

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1.23 AC lot

Five-tenant retail center with long-term NNN leases and 100% occupancy, built in 2003.

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Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 13 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Multi-Suite Shopping Center

2950 N WATER Street, Decatur, IL 62526

$1,200,000

1.67 AC lot

Retail suites with open layouts, rear service areas, private restrooms, and dedicated storefront access.

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Retail Shopping Plaza with 28 Suites

2910-2996 Court Street, Pekin, IL 61554

Contact for pricing

59,982 sqft 5.45 AC lot

Fee-simple shopping plaza with 28 retail suites on two buildings and strong commuter-corridor frontage.

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Leased Retail Outparcel

3578 Court Street, Pekin, IL 61554

Contact for pricing

5,400 sqft

Retail property occupied by Verizon and OneMain Financial with recently extended leases.

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Two-Tenant Shopping Center

1021 N Water St, Decatur, IL 62523

Contact for pricing

Single-story retail center fully occupied by CSL Plasma and the State of Illinois Department of Health and Human Services.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Service Station

6000 S 6th Street Frontage Road, Springfield, IL 62702

$550,000

1.63 AC lot

B-1-zoned land includes an existing gas and service-station structure with an NFR certificate.

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Off-Market Properties in Springfield, IL

Consider similar Off-Market properties in Springfield, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Lifestyle centers

2939 Veterans Pkwy, Springfield, IL 62704

Value Estimation by Request

320,933 sqft 34.88 AC lot

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Neighborhood centers

1802 Grand Ave, Springfield, IL 62702

Value Estimation by Request

3,985 sqft

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Neighborhood centers

3114-3130 6Th St, Springfield, IL 62703

Value Estimation by Request

13,350 sqft

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Neighborhood centers

924 Grand Ave, Springfield, IL 62703

Value Estimation by Request

4,000 sqft

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Springfield, IL Shopping Centers Market Trends and Statistics

Explore 17 shopping centers for sale in Springfield, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 210,874 square feet of properties for sale, with an estimated market value of $26,441,865.

Sale prices for plazas in Springfield, IL start at $450,000, averaging $3,777,409, and reaching up to $17,385,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 138K

Population Growth (5Y) +1.9%

Median Household Income $70,314

College Educated 9.5%

High-Yield Neighborhoods for Investment

Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
62702	$899K
62704	$1.3M
62707	$9.2M

Taxes & Financing

Tax Rate (average for all types) 8.64%

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sangamon County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 10,000 to 25,000 square foot range.

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