Listing Agency: Marcus & Millichap - Columbus s***@ipausa.com Show Phone

Listed By: Craig Fuller · License #OH 2008001551

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 6:22AM

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Investment Insights

Based on property information with market context.

This retail property is identified with the Family Dollar brand and contains 8,320 SF of commercial space. The offering carries a 7.25% CAP rate.

The property is located at 400 S Grand Avenue E in Springfield, Illinois, with a 62703 ZIP code.

Key Highlights

• 8,320 SF of retail space
• 7.25% CAP rate
• Family Dollar brand identification

Property Analytics

Property Profile

Current Use

Family Dollar Discount Store Alerts Made Easy General Contractor GoWeb1 Marketing & Advertising Go Web One Marketing & Advertising TextClubs Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Electrical Service Furniture & Home Goods Grocery & Convenience Store HVAC 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.

Location Intelligence

Trade Area within ½ mile

1,980

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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Frequently Asked Questions

What type of property is this?

Retail space - Retail space associated with the Family Dollar brand.

Where is this retail space located?

The property is located at 400 S Grand Avenue E Springfield, IL.

What are key features of this property?

This property features: 8,320 SF of retail space; 7.25% CAP rate; Family Dollar brand identification