Springfield, IL Shopping Centers for Lease

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Updated: Jun 12

Retail Space in Shopping Center

1927 W Iles Avenue, Springfield, IL 62704

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1000 square feet of available retail space
Located in Montvale Shopping Center
Retail zoning
Suitable for a retail shop or office
1927 W Iles Avenue, Springfield, IL 62704

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Updated: Aug 16, 2019

Shopping Center Expansion Space

1300 TORONTO Road, Springfield, IL 62712

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Proposed 8,000 sq ft extension at Southfield Commons
Space can be divided for multiple users
Construction may be tailored to specific requirements
B‑1 zoning and modified gross lease structure
Ample parking and visibility near significant highway traffic

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Retail Space Near Walmart

2701 N Dirksen Pkwy, Springfield, IL 62707

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1,368 sqft

Available retail suite within a multi-tenant center opposite a Walmart Supercenter in Springfield.

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Retail Shopping Strip Center

10147 W. Roosevelt Rd |, Westchester, IL 60154

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10,000 sqft

10,000 SF retail space on corner lot for rent.

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Shadow-Anchored Retail Center

3405-3443 Freedom Dr, Springfield, IL 62704

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5,065 sqft

Retail center near major national retailers with access to a key interstate route.

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Strip Center Retail Space

2325 West Monroe Street, Springfield, IL 62704

$17 SF/Yr

Flexible space supports retail, restaurant, and service-oriented business uses within Monroe Plaza Shopping Center.

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Retail Space in Arlington Heights

Springfield, IL

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7,838 sqft 12.91 AC lot

Retail spaces available in a high-traffic commercial center.

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Retail Space in Arlington Heights

Springfield, IL

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2,554 sqft 17.07 AC lot

Retail space with high visibility and strong tenant mix.

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Rand Road Retail Redevelopment Opportunity

Springfield, IL 60004

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Retail spaces and outlots available in Arlington Heights, Illinois.

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Rand Road Retail Redevelopment Opportunity

Springfield, IL

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11,841 sqft 7.68 AC lot

Retail spaces for lease with redevelopment and high traffic counts.

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Retail Space in Arlington Heights

Springfield, IL

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6,000 sqft 12.91 AC lot

Retail space available in high-traffic Arlington Heights commercial center.

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Retail Spaces in Arlington Heights

606 E Golf Rd, Arlington Heights, IL 60005

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Established shopping center with retail spaces for lease.

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Shadow-Anchored Retail Center

3405 Freedom Dr, Springfield, IL 62704

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Retail center shadow-anchored by Aldi, Target, and a Walmart Supercenter.

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Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 13 Active listings in Springfield, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 13 Properties for Sales.

Shopping centers for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Walmart Shadow Center End-Cap Retail

1203 W Ferdon St, Litchfield, IL 62056

$10 SF/Yr

End-cap retail suite with open showroom, two restrooms, and back storage/loading area.

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Retail Space in Litchfield Plaza

1 Litchfield Plaza, Litchfield, IL 62056

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Retail space available in a busy shopping center.

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Retail Space in Fairview Park

1365 W King St, Decatur, IL 62522

$1,900/Mo

Former financial institution in established shopping center available for lease.

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Decatur Retail Space Available

3000-3194 NEC Pershing Rd and Water St, Decatur, IL

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4,361 sqft 20.16 AC lot

Grocery-anchored shopping center with shop and anchor spaces for lease.

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Similar Spaces for Sale in Springfield, IL

Consider Similar Space for Sale. We found 13 Spaces matching your search parameters.

Strip Mall with Interstate Frontage

3101 - 3173 South Dirksen Parkway, Springfield, IL 62703

$3,200,000

56,193 sqft 14.00 AC lot

Multi-tenant retail center with established retailers, a large-format vacancy, and newly executed lease commitments.

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Five-Unit Strip Mall

2940 CONSTITUTION Drive, Springfield, IL 62704

$2,500,000

2.97 AC lot

Commercial retail center with established occupancy, concrete flooring, and central heating and cooling.

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Fully Occupied Community Shopping Center

1812 Adlai Stevenson Drive, Springfield, IL 62703

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32,080 sqft 2.35 AC lot

32,080-square-foot community retail center in Springfield with 10 long-term tenants and below-average in-place rents.

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Strip Mall with Drive-Up Window

2601 STEVENSON Drive, Springfield, IL 62707

$1,060,000

B-2-zoned retail property with varied tenancy, repaired parking, and a drive-up window.

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Shopping Center with LED Lighting

1650 Wabash Ave, Springfield, IL 62704

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49,760 sqft

Retail center with established tenants, updated exterior improvements, and access to Springfield’s Wabash Avenue commercial corridor.

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Strip Mall Near Lincoln’s Tomb

121 E N Grand Avenue, Springfield, IL 62702

$899,000

S-2-zoned retail property with a varied tenant mix near downtown Springfield.

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Development Lot at Sports Park

Lot 18 Lincolnshire Boulevard, Springfield, IL 62704

$947,865

Parcel at Scheels Sports Park at Legacy Pointe within a mixed-use development featuring an air-supported sports dome.

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Grocery-Anchored Shopping Center

1861-1927 E Sangamon Ave, Springfield, IL 62707

$17,385,000

Fully leased retail center with established national and regional tenants and completed roof, parking lot, and facade improvements.

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Mixed-Use Retail and Restaurant Property

107 W COOK Street, Springfield, IL 62704

$450,000

1.30 AC lot

Historic shopping center offers multiple retail and restaurant lease options, including atrium space and a former restaurant location.

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Historic Mixed-Use Retail Destination

107 W Cook St & 620 S 1st St, Springfield, IL 62704

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53,423 sqft

Historic Springfield mall with retail, restaurant, and flexible spaces.

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Retail Strip Center with Medical Anchor

2936 S 6th St, Springfield, IL 62703

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11,054 sqft 1.27 AC lot

Renovated multi-tenant retail center with a medical anchor and net-lease structure.

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Springfield, IL Shopping centers Lease Rates & Market Statistics

Explore 13 Shopping centers for lease in Springfield, IL on Realmo, a commercial real estate exchange covering the Springfield area. The current inventory totals 44,666 square feet of properties — an average of ~3,450 SF per listing.

Asking lease rates for Shopping centers in Springfield start at $17 SF/Yr, average $17 SF/Yr, and reach $17 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $17 SF/Yr is 10% below the Illinois state average of $18.82 SF/Yr.

Springfield accounts for 76% of the 17 shopping centers currently available across Sangamon County, where nearby markets include Arlington Heights and Westchester. Shopping centers make up 24% of the 55 Retail properties & Spaces currently for lease in Springfield, with asking rates averaging $17 SF/Yr — 16% above the citywide Retail properties & Spaces average of $14.60 SF/Yr. Also worth a look for tenants weighing alternatives: Storefront properties (14 listings) elsewhere in the Springfield market.

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