Shopping Center with LED
For Sale
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1650 Wabash Ave, Springfield, IL 62704
Retail center with established tenants, updated exterior improvements, and access to Springfield’s Wabash Avenue commercial corridor.
Property Size49,760 SF
Days on Market142
Property Features for 1650 Wabash Ave
General Information
Standard status
Active
Size
49,760 SF
Property subtype
Retail
Occupancy
92%
Amenities
LED canopy lighting
parking lot lighting
resurfaced parking lot
newly painted facade
Building Details
Year Built
1976
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 547-6650
Listed By:
Blake Pryor · License #475159138
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 11:59PM
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
Investment Insights
Based on property information with market context.
The Yard is a 49,760-square-foot retail shopping center built in 1976 and currently 92% occupied. The property includes a mix of national-credit and local tenants, with multiple businesses having operated at the center for several years. Recent capital improvements include LED canopy and parking lot lighting, a resurfaced parking area, and a freshly painted facade. Three tenant buildouts have also been completed in recent years.
Located at 1650 Wabash Ave in Springfield, Illinois, the center records average traffic counts exceeding 25,000 vehicles per day. It is positioned near White Oaks Mall, a 930,000-square-foot shopping mall anchored by Macy’s, Esporta Fitness, and Dick’s Sporting Goods. The surrounding area includes residential housing to the west, north, and south, along with retailers, quick-service restaurants, fitness facilities, grocery, furniture, hardware, and postal services near Wabash Ave and Chatham Rd. More than 113,000 people live within a 5-mile radius, where average household income is $83,000.
Located at 1650 Wabash Ave in Springfield, Illinois, the center records average traffic counts exceeding 25,000 vehicles per day. It is positioned near White Oaks Mall, a 930,000-square-foot shopping mall anchored by Macy’s, Esporta Fitness, and Dick’s Sporting Goods. The surrounding area includes residential housing to the west, north, and south, along with retailers, quick-service restaurants, fitness facilities, grocery, furniture, hardware, and postal services near Wabash Ave and Chatham Rd. More than 113,000 people live within a 5-mile radius, where average household income is $83,000.
Key Highlights
- 49,760‑square‑foot retail shopping center built in 1976
- 92% occupied with national‑credit and established local tenants
- Average traffic counts exceed 25,000 vehicles per day along Wabash Ave
Property Analytics
Property Profile
Current Use
Lease Details
92%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Yard Shopping Center — 1650 Wabash Ave, Springfield, IL 62704
- Chatham Square — 1736 Wabash Ave, Springfield, IL 62704
- Coin Cloud Bitcoin ATM — 1645 Wabash Ave, Jerome, IL 62704
- Montvale Commons — Chatham Rd, Springfield, IL 62704
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with established tenants, updated exterior improvements, and access to Springfield’s Wabash Avenue commercial corridor.
Where is this shopping center located?
The property is located at 1650 Wabash Ave Springfield, IL.
What are key features of this property?
This property features: 49,760‑square‑foot retail shopping center built in 1976; 92% occupied with national‑credit and established local tenants; Average traffic counts exceed 25,000 vehicles per day along Wabash Ave
