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Open Retail Space with Updated HVAC
For Lease
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1700 E SANGAMON Avenue #1704, Springfield, IL 62702

Open commercial space with tile flooring, one bathroom, paved parking, and separately metered utilities.

Space Size1,333 SF
Days on Market14

Property Features for 1700 E SANGAMON Avenue #1704

General Information

Standard status Active
Size 1,333 SF
Property subtype Office, Retail

Lease Terms

Lease Term 60 months
Flexible Term Yes

Additional Details

Utilities to Site Yes

Amenities

tile flooring
1 bathroom
HVAC updated
paved parking

Spaces For Lease

at 1700 E SANGAMON Avenue #1704 Contact us

1704

Size
1,333 SF
Availability
Active
Contact us
Listing Agency: Garrison Group, Inc.
Listed By: Melissa Gates · License #475.216468
Source: Crexi
Added: Sep 11 Changed: Sep 20 Last Checked: Sep 24 at 10:36AM

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 Garrison Group, Inc.

Investment Insights

Based on property information with market context.

This open retail space at 1700 E Sangamon Avenue includes tile flooring, one bathroom, and an updated HVAC system. The layout can accommodate different commercial uses, while separately metered utilities provide distinct utility billing for the tenant. A minimum 3-to-5-year lease term applies.

The property sits on a high-traffic corridor across from Sangamon Center North and minutes from the Illinois State Fairgrounds. Paved parking was completed in 2020, and the roof was replaced in 2015. The space is identified as Suite 1704 within the property.

Key Highlights

  • Open retail layout with tile flooring and 1 bathroom
  • Updated HVAC system
  • Separately metered tenant utilities

Property Analytics

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Current Use

Insurance King Insurance Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail 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
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

349
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
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Market

Lease Benchmarks for Springfield, IL

$20 /SF/Yr
Avg Asking Price
$16–$27 /SF/Yr
Price Range
4,657 SF
Avg Space Size

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 - Open commercial space with tile flooring, one bathroom, paved parking, and separately metered utilities.
Where is this retail space located?
The property is located at 1700 E SANGAMON Avenue #1704 Springfield, IL.
What are key features of this property?
This property features: Open retail layout with tile flooring and 1 bathroom; Updated HVAC system; Separately metered tenant utilities
More about this property
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