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    3114-3130 6Th St Springfield, IL 62703

    Sponsored
    For Lease
    $16 SF/Yr ($18,356 /Mo)

    High-traffic location, multiple suites available

    Lot size:
    13,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional leasing opportunity presents three in-line storefronts totaling 13,350 square feet within the vibrant Park South Development in Springfield, Illinois. Individual suites range from 845 to 1,747 square feet, with the possibility of combining units for larger footprints up to 2,592 contiguous square feet. The property, built in 1999, sits on a 1.5-acre lot and features 65 parking spaces. The building boasts excellent visibility on South 6th Street, a high-traffic corridor with 24,300 vehicles daily, and benefits from proximity to major highways (I-55 and I-72). The B-1 zoning allows for a variety of retail uses. Three existing suites are available: a former Edward Jones office (845 sq ft) with private office and bathroom

    Property Features for 3114-3130 6Th St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,350 SF
    Total Rate
    18356.25

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    3126 S. 6th St
    Size
    861 SF
    Rate per SF
    $18
    Space
    3118 S. 6th St
    Size
    845 SF
    Rate per SF
    $18
    Space
    3120 S. 6th St
    Size
    1,747 SF
    Rate per SF
    $16

    HighLights

    • 24,300 AADT on S. 6th Street provides excellent visibility.
    • High‑traffic location with great visibility.
    • Strong co‑tenancy and proximity to numerous retailers.
    • Suite 3118 features updated fixtures, ideal for a small business.
    • Suite 3120 offers an open layout with washer/dryer hookups, perfect for a salon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.647352509781
    Latitude
    39.758513676654

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic location, multiple suites available
    Where is this neighborhood center located?
    The property is located at 3114-3130 6Th St Springfield, IL.
    What is the lease rate?
    The lease rate is $16-$18 SF/Yr.
    What are key features of this property?
    This property features: 24,300 AADT on S. 6th Street provides excellent visibility.; High-traffic location with great visibility.; Strong co-tenancy and proximity to numerous retailers.
    Request Owner's contact information
    3114-3130 6Th St Springfield, IL 62703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3114-3130 6Th St Springfield, IL 62703
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