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

2940 CONSTITUTION Drive, Springfield, IL 62704

COMMERCIAL - Springfield, IL

Property SizeContact for details
Lot Size2.97 Acres
Days on Market121

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: Aug 4 Last Checked: Aug 12 at 12:06AM
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 5-unit strip mall occupies 2.97 acres within Parkway Point Development. Four units are occupied by The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart. The building features stone and tilt-up wall construction, concrete flooring, forced-air heating, central air, and a metal roof.

The property is positioned on the west side of Springfield among national retailers and local businesses, including Target, Skyzone, Walmart, Crumbl, Starbucks, Portillo's, and The Crafted Stag Supply. Commercial zoning, water availability, and public sewer support the existing retail configuration.

Key Highlights

  • 5 total units with 4 currently occupied
  • 2.97‑acre commercial property in Parkway Point Development
  • Current tenants include The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart

Property Analytics

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 Auto Parts Store 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

80%
Occupancy
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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Commercial zoning and four occupied suites support an established multi-tenant retail property.
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: 5 total units with 4 currently occupied; 2.97‑acre commercial property in Parkway Point Development; Current tenants include The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart
More about this property
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