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Property profile & analytics

3201 Iles Ave Springfield, IL 62711

  • Commercial real estate
  • 1.35 lot acres
Value Estimation
$375,000
Location Intelligence
Property ID
US28-4349834
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,333
$158,882
$74,608
$233,490
-
$476,646
$223,824
$700,470
More about this property
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