Springfield, IL Storefront Properties for Lease
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Springfield, IL Storefront properties Lease Rates & Market Statistics
Explore 15 Storefront properties for lease in Springfield, IL on Realmo, a commercial real estate exchange covering the Springfield area. The current inventory totals 43,845 square feet of properties — an average of ~2,900 SF per listing.
Asking lease rates for Storefront properties in Springfield start at $14 SF/Yr, average $17 SF/Yr, and reach $20 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 30% below the Illinois state average of $24.33 SF/Yr.
Springfield accounts for 79% of the 19 storefront properties currently available across Sangamon County, where nearby markets include Arlington Heights and Westchester. Storefront properties make up 28% of the 53 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: Shopping centers (12 listings) elsewhere in the Springfield market.