Building Details

Year Built 2003

Tenancy Multi

Listing Agency: Marcus & Millichap - Indianapolis

Listed By: Nathan Whalen · License #IN AB21402364 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Sep 4 at 1:14PM

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Investment Insights

Based on property information with market context.

The Yellowstone Plaza is a five-tenant retail center built in 2003 and maintained in excellent condition. The property is offered at 100% occupancy with tenants including Bella Milano, Rabo Finance, Springfield Clinic Optometry, Envy Hair Salon, and Springfield Clinic Urgent Care West. All tenants have NNN, long-term leases, with scheduled annual rental increases in place. Envy Hair Salon currently occupies the smallest unit.

The center is positioned off Wabash Avenue in Springfield, IL, and sits at the Wabash exit from I-72. The site is described as seeing over 12,000 vehicles pass by daily, with I-72 traffic reported at 20,000 vehicles per day. The immediate area is supported by multiple retail and service traffic drivers, including McDonald’s, Buffalo Wild Wings, Culver’s, Smoothie King, and Anytime Fitness, along with several car dealerships.

This is a specialty NNN property configured as a multi-tenant retail center with long-term leases designed to minimize landlord responsibilities.

Key Highlights

• 5‑tenant retail center in Springfield, IL with 100% occupancy
• Built in 2003 on 1.23 acres, maintained in excellent condition per listing remarks
• All five tenants signed NNN, long‑term leases with minimal landlord responsibility

Property Analytics

Current Use

Kim Krager Physician Braden Anderson Physician Rajesh Srinivasan Pediatrician Robert C. Smith, ... Physician Mrs. Jordan Nelson Physician

Suggested Use

Top Pick Garden Center Parking Lot & Garage Bakery Grocery & Convenience Store Pharmacy Hair Salon

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

12,000 VPD

Traffic count

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

340

Businesses Nearby

115k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 73% Leisure 17% Apparel 6% Shops & Services 3%

Culver's Dining

31,565 visits/mo 0.2 miles

AMC Classic Springfield 12 Leisure

19,524 visits/mo 0.4 miles

McDonald's Dining

18,764 visits/mo 0.2 miles

IHOP Dining

13,286 visits/mo 0.3 miles

Buffalo Wild Wings Dining

11,924 visits/mo 0.1 miles

Demographics for 62711, IL

18,115

Population

7,885

Households

2.3

Avg Household Size

49

Median Age

57%

College-Educated

98%

High-School Grad

30.9 sq mi

ZIP Area

586

Density / Sq Mi

$123,507

Median Household Income

$65,758

Median Earnings

$1,272

Median Rent

$299,400

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?

Shopping center - Five-tenant retail center with long-term NNN leases and 100% occupancy, built in 2003.

Where is this shopping center located?

The property is located at 4525 Wabash Ave Springfield, IL.

What are key features of this property?

This property features: 5‑tenant retail center in Springfield, IL with 100% occupancy; Built in 2003 on 1.23 acres, maintained in excellent condition per listing remarks; All five tenants signed NNN, long‑term leases with minimal landlord responsibility