Strip Mall with Interstate
New
For Sale
$3,200,000
3101 - 3173 South Dirksen Parkway, Springfield, IL 62703
Multi-tenant retail center with established retailers, a large-format vacancy, and newly executed lease commitments.
Property Size56,193 SF
Lot Size14.00 Acres
Price / SF$56.95
Days on Market2
Property Features for 3101 - 3173 South Dirksen Parkway
General Information
Standard status
Active
Size
56,193 SF
Lot size
14.00 Acres
Property subtype
Retail - Strip
Additional Details
Traffic Count
54,000 vehicles/day
Building Details
Building Size
56,193 SF
Year Built
1964
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Mike West · License #KY275615
(405) 840-0200
Source:
Commercialcafe
Added: Sep 1
Last Checked: Sep 1 at 8:41PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
Capital City Shopping Center is a multi-tenant strip mall comprising over 56,193 square feet across 14 acres at 3101–3173 South Dirksen Parkway. The center has frontage along I-72, which carries more than 54,000 vehicles per day. The property includes a 31,751-square-foot former Big Lots box available for backfill, along with a 3,500-square-foot suite covered by a new 2025 lease to a sports training facility.
Five Below has recently executed a 10-year lease, and a new 15-year Valvoline ground lease has been signed in front of the center. Nearby retailers include McDonald’s, Panera Bread, Starbucks, McAlister’s Deli, Steak N’ Shake, Long John Silvers, and Dollar Tree. A $20 million Amazon warehouse and distribution center opened in 2025 on North Dirksen Parkway, creating more than 100 jobs. Springfield Memorial Hospital, with 500 acute care beds, is six miles away.
Five Below has recently executed a 10-year lease, and a new 15-year Valvoline ground lease has been signed in front of the center. Nearby retailers include McDonald’s, Panera Bread, Starbucks, McAlister’s Deli, Steak N’ Shake, Long John Silvers, and Dollar Tree. A $20 million Amazon warehouse and distribution center opened in 2025 on North Dirksen Parkway, creating more than 100 jobs. Springfield Memorial Hospital, with 500 acute care beds, is six miles away.
Key Highlights
- Over 56,193 SF shopping center situated on 14 acres
- I‑72 frontage with reported traffic exceeding 54,000 vehicles per day
- 31,751 SF former Big Lots box available for backfill
Property Analytics
Current Use
Lease Details
54,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
321
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail center with established retailers, a large-format vacancy, and newly executed lease commitments.
Where is this strip mall located?
The property is located at 3101 - 3173 South Dirksen Parkway Springfield, IL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Over 56,193 SF shopping center situated on 14 acres; I‑72 frontage with reported traffic exceeding 54,000 vehicles per day; 31,751 SF former Big Lots box available for backfill
