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    3132 Sangamon Ave Springfield, IL 62702

    Sponsored
    For Sale
    $360,000

    Charleston SC Grocery Center, 3 Suites Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Class A neighborhood center in a rapidly growing Charleston, SC submarket offers exceptional retail space. Anchored by Harris Teeter, Marshalls, and Rack Room Shoes, this thriving location benefits from high foot traffic generated by a top-performing Harris Teeter and a dense residential population. The center boasts a strong tenant mix of national retailers including Starbucks, Heartland Dental, Moe's, Results Physiotherapy, Club Pilates, T-Mobile, and Massage Envy. Three suites are currently available, offering flexible space options: Suite 16 (2,500 sq ft), Suite 17 (1,440 sq ft), and Suite 02 (1,196 sq ft). The available spaces range from 1,196 to 2,500 square feet, providing opportunities for various retail concepts. This prime location presents a unique opportunity to establish a business within a vibrant and successful retail center. Lease rates are available upon request.

    Property Features for 3132 Sangamon Ave

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    HighLights

    • Class A neighborhood center anchored by Harris Teeter, Marshalls, and Rack Room Shoes.
    • Located in a high‑growth Charleston, SC submarket with strong residential density.
    • Boasts a top‑performing Harris Teeter with high customer traffic.
    • Attractive tenant mix includes national brands such as Starbucks, Heartland Dental, Moe's, Results Physiotherapy, Club Pilates, T‑Mobile, and Massage Envy.
    • Multiple suites available, ranging from 1,196 to 2,500 square feet.
    • Lease rate available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6534029
    Latitude
    39.8676825

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    FAQs

    What type of property is this?
    Land - Charleston SC Grocery Center, 3 Suites Available
    Where is this land located?
    The property is located at 3132 Sangamon Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Class A neighborhood center anchored by Harris Teeter, Marshalls, and Rack Room Shoes.; Located in a high-growth Charleston, SC submarket with strong residential density.; Boasts a top-performing Harris Teeter with high customer traffic.
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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
    3132 Sangamon Ave Springfield, IL 62702
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