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Shopping Center Retail Space
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1927 W Iles Avenue, Springfield, IL 62704

Commercial Lease, Springfield, IL

Space Size1,000 SF
Days on Market96

Property Features for 1927 W Iles Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning Retail
Directions Chatham Road to West Iles. Across the street from Schnucks.
Standard status Active
APN 22070229041
Listing Agency: The Real Estate Group, Inc.
Listed By: Bill Marriott · License #475116051
Added: Jun 12 Changed: Sep 7 Last Checked: Sep 15 at 1:06AM
MLS# CA1044423

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

A 1,000-square-foot commercial space is available within Montvale Shopping Center at 1927 W Iles Avenue in Springfield, Illinois. The property is identified for retail use and may accommodate either a retail shop or office configuration.

The space is positioned in the 62704 postal area of Springfield, within Sangamon County. Its shopping center setting provides a defined commercial location for businesses seeking space for customer-facing retail or office operations. The property is offered for lease.

Key Highlights

  • 1,000 square feet of available commercial space
  • Located within Montvale Shopping Center
  • Suitable for retail shop or office use

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Barber Shop

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

842
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Sherwood Plaza 2450 Wabash Ave, Springfield, IL 62704
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  • Chatham Square 1736 Wabash Ave, Springfield, IL 62704
  • Coin Cloud Bitcoin ATM 1645 Wabash Ave, Jerome, IL 62704
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Frequently Asked Questions

What type of property is this?
Shopping center - Available space at Montvale Shopping Center supports retail or office use.
Where is this shopping center located?
The property is located at 1927 W Iles Avenue Springfield, IL.
What are key features of this property?
This property features: 1,000 square feet of available commercial space; Located within Montvale Shopping Center; Suitable for retail shop or office use
More about this property
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