Restaurant Space Ready for
For Lease
Under Contract
$1,250,000 SF/Yr
3434 FREEDOM Drive, Springfield, IL 62704
COMMERCIAL - Springfield, IL
Lot Size1.32 Acres
Days on Market2147
Property Features for 3434 FREEDOM Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
S-2
Directions
Lindbergh to Freedom Dr.
Standard status
Active Under Contract
APN
21130227022
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2018
Tax Annual Amount
34897
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Frame, EFIS, Stone
Roof type
Metal, Membrane, Flat
Listing Agency:
The Real Estate Group Inc.
(217) 787-7000
Listed By:
Jay Clark · License #475103848
(217) 787-7000
Added: Sep 13, 2020
Changed: Jul 12
Last Checked: Jul 30 at 6:06PM
MLS# CA1002523
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 restaurant space is located within Parkway Pointe, a shopping center anchored by Super Walmart and Target. The premises were previously Bakers Square and are described as completely ready for a restaurant operation. The property sits on 1.32 acres and includes a lot with 76 parking spaces. Zoning is S-2.
The center is positioned for high visibility at the intersection of IL 4 and Lindbergh, at the exit of Interstate 72. Other retailers listed for Parkway Pointe include Starbucks, Verizon, Aldi, McDonald’s, Courtyard by Marriott, Fairfield by Marriott, Sleep Inn, and Quality Inn.
The property is offered for rent at 3434 Freedom Drive, Springfield, IL 62704.
The center is positioned for high visibility at the intersection of IL 4 and Lindbergh, at the exit of Interstate 72. Other retailers listed for Parkway Pointe include Starbucks, Verizon, Aldi, McDonald’s, Courtyard by Marriott, Fairfield by Marriott, Sleep Inn, and Quality Inn.
The property is offered for rent at 3434 Freedom Drive, Springfield, IL 62704.
Key Highlights
- 1.32‑acre lot with 76 parking spaces at the intersection of IL 4 and Lindbergh (at the exit of I‑72)
- High‑visibility retail center location in Parkway Pointe, anchored by Super Walmart and Target
- Former Bakers Square space is ready for a restaurant operation
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$187,500.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space in Parkway Pointe shopping center with 76 parking spaces and former Bakers Square ready for service.
Where is this conventional restaurant located?
The property is located at 3434 FREEDOM Drive Springfield, IL.
What is the lease rate?
The lease rate is $1,250,000.
What are key features of this property?
This property features: 1.32‑acre lot with 76 parking spaces at the intersection of IL 4 and Lindbergh (at the exit of I‑72); High‑visibility retail center location in Parkway Pointe, anchored by Super Walmart and Target; Former Bakers Square space is ready for a restaurant operation
