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Versatile Commercial Building Near Veterans Parkway

3034 LINDBERGH Boulevard, Springfield, IL 62704

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For Sale

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Single-store building suitable for retail, office, restaurant, or light industrial.

Type:Office, Retail, Industrial

Property size:

6,664 SF

Price / SF:

$178/SF

HighLights

High‑traffic location: Situated just off Veterans Parkway (IL4), boasting an immediate traffic count of 6,900 and Veterans traffic count of 31,800.
Prime location near major retailers: Adjacent to Walmart, Target, Aldi, Wendy's, Starbucks, Verizon, Taco Bell, McDonalds, and Portillos.
Versatile single‑story building: Suitable for retail, office, restaurant, or light industrial use.
Like‑new condition: The building is described as being in like‑new condition.
Additional storage building: Includes a newer 1,440sf building currently used for equipment storage.
Built in 1996

We can help!

Contact an agent

Jay Clark

For Sale

Contact for pricing

Single-store building suitable for retail, office, restaurant, or light industrial.

Type:Office, Retail, Industrial

Property size:

6,664 SF

Price / SF:

$178/SF

Added:: Sep 11, 2024
Days on Market:: 664
Last Refresh:: May 12 at 10:47 pm

Property Features for 3034 LINDBERGH Boulevard

General Information

Standard status: Active
Size: 6,664 SF
Property subtype: Office, Retail, Industrial

Building Details

Year Built: 1996

We can help!

Contact an agent

Jay Clark

Listing office RMLS Alliance

Listing date Sep 11, 2024

Source Crexi

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 RMLS Alliance

HighLights

High‑traffic location: Situated just off Veterans Parkway (IL4), boasting an immediate traffic count of 6,900 and Veterans traffic count of 31,800.
Prime location near major retailers: Adjacent to Walmart, Target, Aldi, Wendy's, Starbucks, Verizon, Taco Bell, McDonalds, and Portillos.
Versatile single‑story building: Suitable for retail, office, restaurant, or light industrial use.
Like‑new condition: The building is described as being in like‑new condition.
Additional storage building: Includes a newer 1,440sf building currently used for equipment storage.
Built in 1996

Overview

This single-store building presents an excellent opportunity for various uses, including retail, office space, a restaurant, or even light industrial applications. The property is in like-new condition. An additional, newer 1,440-square-foot building is located on the premises, currently used for equipment storage. Situated just off Veterans Parkway (IL4), the location offers proximity to Walmart, Target, Aldi, Wendy's, Starbucks, Verizon, Taco Bell, McDonalds, and Portillos. The immediate traffic count is 6,900, while Veterans Parkway experiences a traffic count of 31,800.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$131.9k	$19.80
− Vacancy	−$8.6k	−$1.29
EGI	$123.4k	$18.51
− OpEx	−$30.8k	−$4.63
NOI	$92.5k	$13.88

6,664 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,528 @ 7.0% cap · market cap 7.77%

Second Best

Office B

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,805 @ 7.0% cap · market cap 7.37%

Theoretical Best

Office A

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,530 @ 7.0% cap · market cap 9.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Sangamon
State: Illinois
Longitude: -89.711385
Latitude: 39.753006

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For sale
Storefront properties
IL
Springfield
62704
3034 LINDBERGH Boulevard

What type of property is this?

Storefront property - Single-store building suitable for retail, office, restaurant, or light industrial.

Where is this storefront property located?

The property is located at 3034 LINDBERGH Boulevard Springfield, IL.

What is the asking price?

The asking price for this property is $1,191,000.

What are key features of this property?

This property features: High‑traffic location: Situated just off Veterans Parkway (IL4), boasting an immediate traffic count of 6,900 and Veterans traffic count of 31,800.; Prime location near major retailers: Adjacent to Walmart, Target, Aldi, Wendy's, Starbucks, Verizon, Taco Bell, McDonalds, and Portillos.; Versatile single‑story building: Suitable for retail, office, restaurant, or light industrial use.