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    3003 Veterans Pkwy Springfield, IL 62704

    Sponsored
    For Lease
    Contact for pricing

    Springfield, IL retail space for lease. High visibility location.

    Lot size:
    54,878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    White Oaks Plaza, located at 3003 S Veterans Pkwy, Springfield, IL 62704, offers exceptional retail space for lease. This prime location boasts a total of 54,878 square feet in a multi-tenant building, situated on a 1.67-acre lot. The property is conveniently located across from White Oaks Mall, ensuring high foot traffic and excellent visibility. Currently, there are 19,170 square feet of vacant space available, offering flexibility for businesses of various sizes. Units are divisible down to 1,528 square feet, with a maximum contiguous space of 9,000 square feet. This makes White Oaks Plaza ideal for a range of retail concepts, from small boutiques to larger establishments. The property's strategic location and ample available space present a unique opportunity for businesses seeking a prominent presence in a thriving Springfield, Illinois market. The property is classified as a small shop and pad site, offering excellent potential for both established and emerging businesses. Interested parties are encouraged to inquire about lease terms and availability. This property offers a strong opportunity for businesses seeking high visibility and convenient access to a large consumer base.

    Property Features for 3003 Veterans Pkwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,878 SF

    Unit(s) available at that property

    Space
    Suite B01A
    Size
    1,528 SF
    Space
    Suite LL03
    Size
    9,000 SF
    Space
    Suite B03B
    Size
    4,093 SF
    Space
    Suite D04
    Size
    1,600 SF

    HighLights

    • Small shop and pad site available for lease.
    • 1,528 SF - 4,093 SF of small shop space available.
    • 1.67‑acre outparcel with a 9,000 SF building available for lease.
    • High‑visibility location across from White Oaks Mall.
    • Excellent visibility from Veterans Parkway.
    • Contact broker for pricing and lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    White Oaks Plaza Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.70790141101
    Latitude
    39.7674098962

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    FAQs

    What type of property is this?
    Retail property - Springfield, IL retail space for lease. High visibility location.
    Where is this retail property located?
    The property is located at 3003 Veterans Pkwy Springfield, IL.
    What are key features of this property?
    This property features: Small shop and pad site available for lease.; 1,528 SF - 4,093 SF of small shop space available.; 1.67-acre outparcel with a 9,000 SF building available for lease.
    Request Owner's contact information
    3003 Veterans Pkwy Springfield, IL 62704
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    Springfield, IL 62704
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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
    3003 Veterans Pkwy Springfield, IL 62704
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