Springfield, IL Strip malls for Rent & Lease

Updated: Sep 14

New Strip Mall with Six Units

2901 W WHITE OAKS Drive, Springfield, IL 62704

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1.50 AC lot

Six planned retail units, each approximately 1,800 square feet
1.5‑acre commercial site at 2901 W White Oaks Drive
NNN lease structure
Under construction with a 2026 year built
B zoning and public sewer

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Updated: Dec 31, 2025

Strip Center with Ample Parking

1279 TORONTO Road, Springfield, IL 62712

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B‑1 zoning supports the property’s commercial retail setting
Multi‑shop strip center with a variety of shops
Ample parking available on site
Near the University of Illinois Springfield campus
Near Lincoln Land Community College

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Adjoining Retail Storefronts

1720 E Sangamon Ave, Springfield, IL 62702

$12 SF/Yr

Two adjoining in-line retail suites offer 202 storefront widths, with one move-in ready layout and one suite requiring renovation.

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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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Strip Mall Retail Space

1802 N. Grand Ave., Springfield, IL 62702

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Flexible layout with expansive windows, natural light, and customer parking.

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Strip Mall Retail Space

2701 W Lawrence Ave, Springfield, IL 62704

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Flexible layouts accommodate retail or restaurant operations with ample parking.

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Retail Space in Springfield, IL

1614 S. Macarthur Blvd., Springfield, IL 62704

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Retail space in a bustling Springfield, IL community.

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Retail Space in Springfield, IL

2919 S 6th St, Springfield, IL 62703

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2,574 sqft

Retail space near Parkway Pointe Shopping Center in Springfield, IL.

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Retail Space in Springfield Plaza

2719 S 6th St, Springfield, IL 62703

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Highly visible retail space with easy access and high traffic.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 9 Active listings in Springfield, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 7 Properties for Sales.

Strip malls for Lease in Nearby Cities

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

Multi-Unit Retail Strip Center Spaces

3552-3564 Court Street, Pekin, IL 61554

$13 SF/Yr

0.80 AC lot

Three available units in a five-suite strip center, including an end cap plus salon-ready build-out and a flexible open-plan space.

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Multi-Tenant Strip Mall

2950 N WATER Street, Decatur, IL 62526

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1.67 AC lot

Commercial center with ground-level access, ample parking, and signage available for office, retail, medical, and restaurant uses.

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Strip Center Space with Salon Build-Out

3560-3564 Court Street, Pekin, IL 61554

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0.80 AC lot

Two available suites offer salon infrastructure, open retail layout, and the option to combine spaces.

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Retail Space in Northland Center

2900 N Main St, Decatur, IL

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1,500 sqft 2.67 AC lot

Highly visible retail space in Decatur's popular shopping plaza.

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Similar Spaces for Sale in Springfield, IL

Consider Similar Space for Sale. We found 7 Spaces matching your search parameters.

Community Retail Center with 10 Tenants

1814 Adlai Stevenson Dr, Springfield, IL 62703

$1,411,576

32,080 sqft 2.35 AC lot

Fully occupied multi-tenant community retail center built in 1956 with 10 tenants and long-term anchors.

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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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Strip Mall with Interstate Frontage

3101 South Dirksen Parkway, Springfield, IL 62703

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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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Strip Mall with Drive-Up Window

2601 STEVENSON Drive, Springfield, IL 62707

$899,000

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

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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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Multi-Tenant Strip Mall

121 E North Grand Avenue, Springfield, IL 62702

$899,000

S-2-zoned retail center near downtown Springfield and major local destinations.

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Drive-Through Restaurant Package

1295 TORONTO Road, Springfield, IL 62707

$999,999

0.74 AC lot

A remodeled Subway franchise is paired with a three-tenant commercial building and billboard on the same parcel.

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Springfield, IL Strip malls Lease Rates & Market Statistics

Explore 9 Strip malls for lease in Springfield, IL on Realmo, a commercial real estate exchange covering the Springfield area. The current inventory totals 2,574 square feet of properties.

Asking lease rates for Strip malls in Springfield start at $12 SF/Yr, average $14.50 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 $14.50 SF/Yr is 19% below the Illinois state average of $17.94 SF/Yr.

Springfield accounts for 82% of the 11 strip malls currently available across Sangamon County, where nearby markets include Arlington Heights and Chatham. Strip malls make up 20% of the 46 Retail properties & Spaces currently for lease in Springfield, with asking rates averaging $14.50 SF/Yr — 18% below the citywide Retail properties & Spaces average of $17.67 SF/Yr. Also worth a look for tenants weighing alternatives: Storefront properties (13 listings) and Shopping centers (11 listings) elsewhere in the Springfield market.