Rand Road Retail Redevelopment
For Lease
Contact for pricing
SEC Rand Rd & Palatine Rd, Springfield, IL
Retail spaces for lease with redevelopment and high traffic counts.
Property Size11,841 SF
Lot Size7.68 Acres
Days on Market1298
Property Features for SEC Rand Rd & Palatine Rd
General Information
Standard status
Active
Size
11,841 SF
Lot size
7.68 Acres
Property subtype
RETAIL
Listing Agency:
Mid-America Real Estate Group | Chicago
(630) 954-7512
Listed By:
Brian Adams
Source:
Moodyscre
Added: Jan 9, 2023
Changed: Jul 10
Last Checked: Jul 21 at 6:51AM
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 Mid-America Real Estate Group | Chicago
Investment Insights
Based on property information with market context.
This retail property is situated between three major six-lane roads in the heart of the Rand Road corridor, presenting a redevelopment opportunity. Comprehensive updates are planned, including a new parking lot, lighting, landscaping, facades, and awnings. The property is in close proximity to a major intersection with combined traffic counts exceeding 190,000 vehicles per day. A new multi-tenant building on Palatine Road with a drive-thru is scheduled for delivery in Spring 2023. Chipotle is relocating to a freestanding location with a Chipotlane, with an opening planned for Spring 2023. New At Home furniture is coming in February 2023. The south shop area is available for sale or lease redevelopment, with outlots up to 40,000 square feet or build-to-suit options on approximately 2.21 acres. Redevelopment of common areas is scheduled to start in Summer 2023. Join new tenants such as Chipotle, AT&T, Consumers Credit Union, and future Bibibop. New At Home furniture is now open. South Shops retail space is available for lease, with the ability to divide or combine spaces. Plans are in place for a facade uplift to the South Shops, along with shopping center enhancements including a new parking lot, landscaping, and lighting. The property offers 11,841 square feet of retail space.
Key Highlights
- Redevelopment opportunity in the heart of the Rand Rd corridor.
- Proximity to major intersection with combined traffic counts exceeding 190,000 VPD.
- New Multi‑tenant building on Palatine Rd with drive‑thru (Delivery Spring 2023).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Old Town Mall — 3 W Old State Capitol Plaza, Springfield, IL 62701
Frequently Asked Questions
What type of property is this?
Shopping center - Retail spaces for lease with redevelopment and high traffic counts.
Where is this shopping center located?
The property is located at SEC Rand Rd & Palatine Rd Springfield, IL.
What are key features of this property?
This property features: Redevelopment opportunity in the heart of the Rand Rd corridor.; Proximity to major intersection with combined traffic counts exceeding 190,000 VPD.; New Multi‑tenant building on Palatine Rd with drive‑thru (Delivery Spring 2023).
