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Retail Space
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1525 W JEFFERSON Street, Springfield, IL 62702

Commercial Lease, Springfield, IL

Space Size1,250 SF
Days on Market525

Property Features for 1525 W JEFFERSON Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning B-3
Directions West Jefferson
Standard status Active
APN 14290401011

Taxes and HOA fees

Tax Year 2024
Tax Description PT NE1/4 NW1/4 SE1/4 29-16-5 (ALSO .4# WITH RES PT)
Tax Annual Amount 4322
Legal Description PT NE1/4 NW1/4 SE1/4 29-16-5 (ALSO .4# WITH RES PT)
Listing Agency: Keller Williams Capital · Keller Williams Realty
Listed By: James Skeeters · License #475097981
Added: Apr 8, 2025 Changed: Aug 19 Last Checked: Sep 14 at 4:06AM
MLS# CA1035592

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This retail space provides approximately 1,250 square feet of currently open interior area, with the basement and second level excluded from that measurement. The premises previously accommodated a wedding dress retailer and a dog grooming business, offering a straightforward commercial setting for a new occupant. The property is zoned B-3 and offered under a modified-gross lease structure.

Positioned between Amos and Bruns Lane, the space is located west of downtown Springfield. Its existing retail orientation and open configuration provide a practical base for a variety of small-business uses supported by the available layout.

Key Highlights

  • Approximately 1,250 square feet of retail space, excluding the basement and second level
  • B‑3 zoning
  • Modified‑gross lease structure

Property Analytics

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Current Use

Josie's jackpot Gambling House

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Law Firm Big Box & Wholesale Store

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

572
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Springfield, IL

$18.6 /SF/Yr
Avg Asking Price
$13–$27 /SF/Yr
Price Range
7,099 SF
Avg Space Size

This space is priced 48% below the average of $18.6 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - B-3-zoned premises offer a modified-gross lease structure for a range of small businesses.
Where is this retail space located?
The property is located at 1525 W JEFFERSON Street Springfield, IL.
What are key features of this property?
This property features: Approximately 1,250 square feet of retail space, excluding the basement and second level; B‑3 zoning; Modified‑gross lease structure
More about this property
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