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Property profile & analytics
OFF-MARKET
Lifestyle centers

2939 Veterans Pkwy Springfield, IL 62704

320,933 SF 34.88 ac lot Built 1986
Property ID
Property summary
AI-generated overview

White Oaks Plaza, located at 2939 S Veterans Pkwy, Springfield, IL 62704, is a dominant 320,933 square foot regional shopping center. This multi-tenant property boasts 98% occupancy across 28 units within five buildings on a 34.88-acre lot. Built in 1986, the single-story center features 1,622 parking spaces and benefits from a highly visible location on two major Springfield retail arteries, Veterans Parkway and Wabash Avenue, experiencing a combined 53,247 vehicles per day. Major tenants include Kohl's, Petco, US Bank, TJ Maxx, Sephora, and Ulta, with a diverse mix of retail and service businesses providing a comprehensive shopping experience. The property's anchor tenants, including Kohl's + Sephora (97,245 square feet, tenant since 1992) and several TJX Companies banners, account for 58% of the gross leasable area and 50% of revenue. Strong grocery shadow anchors, Harvest Market and Sam's Club, further enhance traffic. The affluent surrounding area, with 48,299 residents and an average household income of $103,555 within three miles, contributes to the center's success. The property's APN is 21-12.0-226-001

Property profile
Verified
Property type Lifestyle centers
Year built 1986
Total area 320,933 SF
Lot 34.88 ac (1,519,373 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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