Community Retail Center with 10
1814 Adlai Stevenson Dr Springfield, IL 62703
New
For Sale
$1,411,576
Fully occupied multi-tenant community retail center built in 1956 with 10 tenants and long-term anchors.
Property Size32,080 SF
Lot Size2.35 Acres
Price / SF$44
Days on Market2
Property Features for 1814 Adlai Stevenson Dr
General Information
- Standard status
- Active
- Size
- 32,080 SF
- Lot size
- 2.35 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1956
Listing Agency:
St. Louis Office
(314) 889-2552
Listed By:
Chris Garavaglia · License #License(s): MO: 2015042068, NE: 20240127
(314) 889-2552
Source:
Marcusmillichap
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 4:40AM
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 St. Louis Office
Investment Insights
Based on property information with market context.
Laketown Shopping Center is a fully occupied, multi-tenant community retail center built in 1956 on a 2.35-acre site. The property totals 32,080 square feet and is home to 10 tenants across fitness, food and beverage, personal services, office, and entertainment uses.
BLH Computers has anchored the center for over 16 years, occupying 12,080 square feet (nearly 38% of the total GLA). Progressive has held its 4,800-square-foot space for over 24 years. Other long-tenured occupants include Tracey & Heather Dance Synergy (4,500 SF) and Eric Anderson-Games (4,600 SF), with these four tenants collectively representing over 81% of the GLA.
In-place rents average $6.79 per square foot across the center. Lucy’s Place (Suite 6) is currently paying $20.87 per square foot under a long-term lease with annual 2% escalations, illustrating a meaningful rent spread within the property’s current tenant roster.
BLH Computers has anchored the center for over 16 years, occupying 12,080 square feet (nearly 38% of the total GLA). Progressive has held its 4,800-square-foot space for over 24 years. Other long-tenured occupants include Tracey & Heather Dance Synergy (4,500 SF) and Eric Anderson-Games (4,600 SF), with these four tenants collectively representing over 81% of the GLA.
In-place rents average $6.79 per square foot across the center. Lucy’s Place (Suite 6) is currently paying $20.87 per square foot under a long-term lease with annual 2% escalations, illustrating a meaningful rent spread within the property’s current tenant roster.
Key Highlights
- 32,080 SF community retail center at 1800 Stevenson Drive in Springfield, IL
- Built in 1956 on a 2.35‑acre site and fully occupied with 10 tenants
- 10 tenants include fitness, food & beverage, personal services, office, and entertainment uses
Property Analytics
Location Intelligence
Current Use by Public Records
Yannis Gyros
Restaurant
FAQs
What type of property is this?
Strip mall - Fully occupied multi-tenant community retail center built in 1956 with 10 tenants and long-term anchors.
Where is this strip mall located?
The property is located at 1814 Adlai Stevenson Dr Springfield, IL.
What is the asking price?
The asking price for this property is $1,411,576.
What are key features of this property?
This property features: 32,080 SF community retail center at 1800 Stevenson Drive in Springfield, IL; Built in 1956 on a 2.35‑acre site and fully occupied with 10 tenants; 10 tenants include fitness, food & beverage, personal services, office, and entertainment uses
