Grocery-Anchored Shopping
For Sale
$17,385,000
1861-1927 E Sangamon Ave, Springfield, IL 62707
Fully leased retail center with established national and regional tenants and completed roof, parking lot, and facade improvements.
Property Size140,000 SF
Days on Market90
Property Features for 1861-1927 E Sangamon Ave
General Information
Standard status
Active
Size
140,000 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Anchor Co-Tenants
Schnucks, Planet Fitness, USPS, Pet Supplies Plus, Rent-A-Center, Sally Beauty
Highway Access
Yes
Building Details
Building Size
140,000 SF
Year Built
1974
Year Renovated
2023
Tenancy
Multi
Listing Agency:
Friedman Real Estate IL LLC
(248) 324-2000
Listed By:
Steven Silverman · License #475155060
Source:
Friedmanrealestate
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 30 at 3:59PM
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 Friedman Real Estate IL LLC
Investment Insights
Based on property information with market context.
This shopping center was built in 1974 and is anchored by Schnucks, with additional tenants including Planet Fitness, USPS, Pet Supplies Plus, Rent-A-Center, and Sally Beauty. The center is fully occupied, and many occupants have operated at the property for decades, with average tenancy exceeding 16 years.
Located along E Sangamon Avenue, the property provides direct access to I-55 and nearby retail corridors. Capital improvements include roof replacements, parking lot work, and facade upgrades, supporting the ongoing function and presentation of the center.
The established tenant roster combines grocery, fitness, postal, pet supply, rental, and beauty uses within a single retail property. The long operating history of several occupants adds continuity to the existing commercial mix.
Located along E Sangamon Avenue, the property provides direct access to I-55 and nearby retail corridors. Capital improvements include roof replacements, parking lot work, and facade upgrades, supporting the ongoing function and presentation of the center.
The established tenant roster combines grocery, fitness, postal, pet supply, rental, and beauty uses within a single retail property. The long operating history of several occupants adds continuity to the existing commercial mix.
Key Highlights
- Schnucks serves as the grocery anchor
- 100% occupied retail center
- Tenant roster includes Planet Fitness, USPS, Pet Supplies Plus, Rent‑A‑Center, and Sally Beauty
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62707, IL
7,290
Population
3,751
Households
1.9
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
174
Density / Sq Mi
$83,988
Median Household Income
$48,471
Median Earnings
$926
Median Rent
$164,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with established national and regional tenants and completed roof, parking lot, and facade improvements.
Where is this shopping center located?
The property is located at 1861-1927 E Sangamon Ave Springfield, IL.
What is the asking price?
The asking price for this property is $17,385,000.
What are key features of this property?
This property features: Schnucks serves as the grocery anchor; 100% occupied retail center; Tenant roster includes Planet Fitness, USPS, Pet Supplies Plus, Rent‑A‑Center, and Sally Beauty
