3201 Iles Ave Springfield, IL 62711
- Commercial real estate
- 1.35 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
- Dollar General / Beauty Supply Store / Candy Store
- American Family Car Insurance / Commercial Agent
Property Details for 3201 Iles Ave
- Lot size
- 1.35 lot acres
- Property type
- Commercial real estate
- APN
- 21-01.0-300-064
- APU
- 21010300064
Description
This exceptional Springfield retail strip center, located at 3201 W. Iles Ave., presents a compelling leasing opportunity for discerning businesses. The property encompasses 38,172 square feet, offering multiple suites ranging from 1,523 to 2,380 contiguous square feet, with a total of four suites. Currently, 7,952 square feet are available for lease. The property sits on a generous 5.07-acre lot and boasts ample parking to ensure customer convenience. Its strategic location within a bustling commercial hub in Sangamon County provides high visibility and easy access for customers. The modern building features expansive storefronts designed to maximize brand exposure and attract foot traffic. The adaptable interior spaces allow for efficient floor planning and customization to suit a variety of retail or commercial uses. The surrounding area is vibrant, with a mix of local shops, restaurants, and recreational facilities, including proximity to Washington Park Botanical Garden and the Abraham Lincoln Presidential Library and Museum, contributing to a strong community atmosphere and consistent foot traffic. This property offers an unparalleled chance to establish a thriving business in a high-demand location. The flexible layout and modern amenities make it an ideal choice for businesses seeking a prominent and adaptable space to engage their target audience and establish a strong presence in the Springfield market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $415,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $335,000
- Mixed-Use
- $340,000
- Hospitality
- $380,000
- Educational
- $425,000
- Residential Income
- $450,000
- Energy
- $340,000
- Income-Based Land
- $345,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.7162
- Latitude
- 39.7715
- CBSA code
- 44100
- CBSA name
- SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA