Advertise
    Springfield, IL
    Strip Mall

    Springfield, IL Strip Malls for Sale

    Notify Me
    List
    Map
    Grandview, IL Southern View, IL Williamsville, IL Sherman, IL Riverton, IL Rochester, IL Chatham, IL Cantrall, IL
    10 properties
    Sort:
    Remodeled Subway Restaurant Package
    Updated: Nov 29, 2025
    Remodeled Subway Restaurant Package

    1295 Toronto Road, Springfield, IL 62707

    $999,999
    2,200 sqft
    Remodeled Subway franchise restaurant included in the package
    Separate three‑tenant commercial building sold with the restaurant
    Approximately 2,200 square feet with central air conditioning
    Located adjacent to Interstate 55 in Springfield, IL
    Near the University of Illinois Springfield and Lincoln Land Community College
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1295 Toronto Road, Springfield, IL 62707

    View Property Analytics

    • Est. Cap Rate

      3.1%
      NOI ÷ price

    • Est. NOI

      $31K
      Annual

    • Mortgage

      $65K
      Apr 2018
    View Property Analytics
    5-Unit Strip Mall
    Updated: Apr 14
    5-Unit Strip Mall

    2940 CONSTITUTION Drive, Springfield, IL 62704

    $2,500,000
    2.97 AC lot
    5 total units with 4 currently occupied
    2.97‑acre commercial property in Parkway Point Development
    Current tenants include The Music Shoppe, Treasure Hunt Deals, The Vaporium, and Deo Gratias Food Mart
    Commercial zoning with public sewer and water available
    Surrounded by Target, Skyzone, Walmart, Crumbl, Starbucks, Portillo's, and The Crafted Stag Supply
    View details
    Strip Mall with Drive-Up Window
    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.

    View details
    Multi-Tenant Strip Mall
    Multi-Tenant Strip Mall

    121 E N Grand Avenue, Springfield, IL 62702

    $899,000

    S-2-zoned retail property near Lincoln’s Tomb and downtown Springfield.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Community Retail Center with 10 Tenants
    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.

    View details
    Multi-Unit Retail Strip Center
    Multi-Unit Retail Strip Center

    212 W LAUREL Street, Springfield, IL 62704

    $123,000
    0.27 AC lot

    Strip center offers four separate fully rented units with tenants paying their own utilities.

    View details
    Springfield Commercial Package Deal
    Springfield Commercial Package Deal

    1295 TORONTO Road, Springfield, IL 62707

    $999,999
    0.74 AC lot

    Remodeled Subway franchise and commercial building for sale in Springfield.

    View details
    5-Unit Strip Mall
    5-Unit Strip Mall

    2940 Constitution Drive, Springfield, IL 62704

    $2,500,000
    6,335 sqft

    Multi-tenant retail property with four occupied units and Commercial zoning.

    View details
    Multi-Tenant Strip Mall
    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.

    View details
    Retail Strip Center with Drive-Up Window
    Retail Strip Center with Drive-Up Window

    2430 N Dirksen Pkwy, Springfield, IL 62702

    Contact for pricing

    Wide-open retail space with recent approval for a drive-up window, positioned among major retailers along N Dirksen Pkwy.

    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 10 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Two-Tenant Strip Mall
    Two-Tenant Strip Mall

    757 W Pershing Rd, Decatur, IL 62526

    $1,582,000
    12,883 sqft

    Renovated retail center with specialized office, classroom, and workforce-service improvements.

    View details
    B-3 Zoned Strip Center
    B-3 Zoned Strip Center

    1423 E Mound Rd, Decatur, IL 62526

    Contact for pricing
    11,856 sqft

    B-3 zoned strip center offering flexible space within a multi-tenant retail configuration.

    View details
    4-Unit Strip Mall
    4-Unit Strip Mall

    602 E WALNUT Street, Chatham, IL 62629

    $215,000

    Updated commercial spaces feature central air, tile flooring, and public sewer service.

    View details
    Chatham Strip Mall For Sale
    Chatham Strip Mall For Sale

    602 E WALNUT Street, Chatham, IL 62629

    Contact for pricing
    2,240 sqft

    Strip mall in Chatham with four units and new roof.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    B-1 Commercial Land
    B-1 Commercial Land

    6000 S 6th Street Frontage Road, Springfield, IL 62702

    $550,000
    1.63 AC lot

    Cleared commercial site with an existing former gas and service station structure.

    View details

    Springfield, IL Strip Malls Market Trends and Statistics

    Explore 10 strip malls for sale in Springfield, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 40,615 square feet of properties for sale, with an estimated market value of $11,392,574.

    Sale prices for retail strips in Springfield, IL start at $123,000, averaging $1,265,841, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 38
    Shopping centers 29
    Automotive properties 15
    Auto shops 9
    Drug stores 5

    Demographics Overview

    Population 138K
    Population Growth (5Y) +1.9%
    Median Household Income $70,314
    College Educated 9.5%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62707 $1000K
    62704 $1.3M
    62703 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 8.64%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sangamon County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 10,000 to 25,000 square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Strip malls for Sale Near Springfield, IL

    Popular Searches in Springfield, IL

    Popular Categories

    Most Searched ZIP Codes in Springfield, IL

    • 62702
    • 62704
    • 62707
    • 62703

    Featured Springfield Real Estate Agencies

    Realmo connects you with licensed Springfield CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Capital
    3171 Robbins Road Springfield, IL 62704
    Phone: 12175534368
    www.kwspi.com

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!