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Five-Unit Strip Mall
For Sale
$2,500,000

2940 CONSTITUTION Drive, Springfield, IL 62704

Commercial Sale, Springfield, IL

Property SizeContact for details
Lot Size2.97 Acres
Days on Market166

Property Features for 2940 CONSTITUTION Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Directions GPS FRIENDLY
Standard status Active
APN 21-13.0-401-019
Lot size 2.97 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 29206

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Floors in Building 1
Flooring type Concrete
Building materials Stone, Tilt up Walls
Roof type Metal
Listing Agency: The Real Estate Group, Inc.
Listed By: Jerry George · License #475159363
Added: Apr 14 Changed: Sep 2 Last Checked: Sep 26 at 3:06PM
MLS# CA1043003

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.

This commercial strip mall comprises five units, with four currently occupied by The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart. The property sits on 2.97 acres and is zoned Commercial, offering a multi-tenant retail configuration within an established commercial development.

The center is located at 2940 Constitution Drive in Springfield, Illinois, near national and local retailers including Target, Skyzone, Walmart, Crumbl, Starbucks, Portillo's, and The Crafted Stag Supply. Property improvements include stone and tilt-up wall construction, a metal roof, concrete flooring, forced-air heating, central air, water availability, and public sewer.

Key Highlights

  • Five total retail units with four currently occupied
  • Current tenants include The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart
  • 2.97‑acre commercial property

Property Analytics

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Current Use

The Music Shoppe Inc. (Bike/Boat/Book/etc) Store Brandon’s Drum Lessons (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store HVAC Service Hair Salon Building Supply Plumbing Service

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Strip mall - Commercial retail center with established occupancy, concrete flooring, and central heating and cooling.
Where is this strip mall located?
The property is located at 2940 CONSTITUTION Drive Springfield, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Five total retail units with four currently occupied; Current tenants include The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart; 2.97‑acre commercial property
More about this property
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