Fully Occupied Community Shopping Center

1812 Adlai Stevenson Drive, Springfield, IL 62703

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For Sale

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

Type:Retail

Property size:

32,080 SF

Lot size:

2.35 Acres

Price / SF:

$49/SF

HighLights

32,080‑SF community retail center at 1800 Stevenson Drive in Springfield, IL.
Fully occupied, multi‑tenant center with 10 tenants spanning fitness, food & beverage, personal services, office, and entertainment.
Built in 1956 and located on a 2.35‑acre site in a dense Springfield corridor.
100% occupancy with in‑place rents averaging $6.79/SF.
Largest tenants: BLH Computers (12,080 SF, nearly 38% of total GLA) and Progressive (4,800 SF), each with long‑term occupancy.
Lucy’s Place (Suite 6) currently pays $20.87/SF under a long‑term lease with 2% annual escalations.

We can help!

Contact an agent

Alex Perez

Learn more

For Sale

Contact for pricing

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

Type:Retail

Property size:

32,080 SF

Lot size:

2.35 Acres

Price / SF:

$49/SF

Added:: Jun 12, 2026
Days on Market:: 22
Last Refresh:: Jun 20 at 1:55 am

Property Features for 1812 Adlai Stevenson Drive

General Information

Standard status: Active
Size: 32,080 SF
Lot size: 2.35 Acres
Property subtype: Retail

We can help!

Contact an agent

Alex Perez

Listing office Marcus & Millichap

Listing date Jun 12, 2026

Source Crexi

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 Marcus & Millichap

HighLights

32,080‑SF community retail center at 1800 Stevenson Drive in Springfield, IL.
Fully occupied, multi‑tenant center with 10 tenants spanning fitness, food & beverage, personal services, office, and entertainment.
Built in 1956 and located on a 2.35‑acre site in a dense Springfield corridor.
100% occupancy with in‑place rents averaging $6.79/SF.
Largest tenants: BLH Computers (12,080 SF, nearly 38% of total GLA) and Progressive (4,800 SF), each with long‑term occupancy.
Lucy’s Place (Suite 6) currently pays $20.87/SF under a long‑term lease with 2% annual escalations.

Overview

Laketown Shopping Center is a 32,080-square-foot, multi-tenant community retail property built in 1956, situated on a 2.35-acre site. The property is fully occupied and features a tenant mix spanning fitness, food and beverage, personal services, office, and entertainment uses. The current roster includes 10 tenants, with four long-standing operators representing over 81% of the total GLA.

The center is located in a dense, infill Springfield corridor in central Illinois. BLH Computers has anchored the property for more than 26 years, occupying 12,080 square feet (nearly 38% of total GLA). Progressive has operated for more than 24 years in a 4,800-square-foot space. Tracey & Heather Dance Synergy occupies 4,500 square feet, and Eric Anderson-Games occupies 4,600 square feet.

From a leasing and income perspective, the property has 100% occupancy with in-place rents averaging $6.79 per square foot. Lucy’s Place (Suite 6) provides an in-place market rent reference point, currently paying $20.87 per square foot under a long-term lease with annual 2% escalations. With long-tenured occupancy and multiple tenants positioned to roll over leases over time, the asset presents a stabilized operating base with room for rents to move closer to the observed in-place market level as leases renew.

Location Intelligence

Current Use by Public Records

Laketown Barber Shop Barber Shop

Suggested Use

Similar Places Nearby

Laketown Barber Shop — 1812 Adlai Stevenson Dr, Springfield, IL 62703

Location Insight

Map
Local Demand

City: Springfield
County: Sangamon
State: Illinois
Longitude: -89.628502
Latitude: 39.757599

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For sale
Shopping centers
IL
Springfield
62703
1812 Adlai Stevenson Drive

What type of property is this?

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

Where is this shopping center located?

The property is located at 1812 Adlai Stevenson Drive Springfield, IL.

What is the asking price?

The asking price for this property is $1,575,266.

What are key features of this property?

This property features: 32,080‑SF community retail center at 1800 Stevenson Drive in Springfield, IL.; Fully occupied, multi‑tenant center with 10 tenants spanning fitness, food & beverage, personal services, office, and entertainment.; Built in 1956 and located on a 2.35‑acre site in a dense Springfield corridor.