Listing Agency: Marcus & Millichap - San Diego p***@marcusmillichap.com Show Phone

Listed By: Phil Sambazis · License #01474991

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 5:35PM

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Investment Insights

Based on property information with market context.

This for-sale retail property is listed at a stated 5.66% cap rate and includes 4,480 SF of retail space.

The asset is located at 2600 Sunrise Drive in Springfield, Illinois (62703).

Key Highlights

• Retail property for sale at a stated 5.66% cap rate
• 4,480 SF retail building

Property Analytics

Property Profile

Current Use

IHOP Restaurant NASCAR Refuel Tenders ... Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Dental Office Law Firm Hair 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.

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

Explore this area Business Placement

Demographics for 62703, IL

28,344

Population

14,320

Households

2

Avg Household Size

37

Median Age

21%

College-Educated

85%

High-School Grad

14.9 sq mi

ZIP Area

1,902

Density / Sq Mi

$44,580

Median Household Income

$36,345

Median Earnings

$971

Median Rent

$93,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - For sale retail property offered at a stated 5.66% cap rate and 4,480 SF.

Where is this retail space located?

The property is located at 2600 Sunrise Drive Springfield, IL.

What are key features of this property?

This property features: Retail property for sale at a stated 5.66% cap rate; 4,480 SF retail building