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    Springfield, IL Strip Malls for Sale

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    Retail Outparcel in Shopping Center
    Updated: Nov 13, 2024
    Retail Outparcel in Shopping Center

    2800-2808 SW Plaza Dr, Springfield, IL

    $4,095,000
    11,873 sqft 1.04 AC lot
    Outparcel to Southwest Plaza Shopping Center with Academy Sports.
    High traffic location - 30,800+ VPD on South Veterans Pkwy.
    Located in main retail corridor surrounded by national retailers.
    National and regional tenants with 11+ year tenure.
    Recent Capital Improvements: Parking lot replaced in 2023.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2800-2808 SW Plaza Dr, Springfield, IL

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    • Est. Cap Rate

      3.4%
      NOI ÷ price

    • Est. NOI

      $138K
      Annual

    • Price @ 7% Cap

      $1.97M
      Suggested
    View Property Analytics
    Springfield Strip Mall For Sale
    Updated: Apr 14
    Springfield Strip Mall For Sale

    2940 CONSTITUTION Drive, Springfield, IL 62704

    $2,500,000
    2.97 AC lot
    Prime location in the highly sought‑after Parkway Point Development, a thriving commercial environment.
    Four out of five units are currently occupied by long‑standing, reliable tenants, providing immediate income.
    High visibility and steady traffic due to proximity to major national retailers and popular local businesses.
    Strong upside potential for increased income and property value.
    Durable construction with stone and tilt‑up walls, and a metal roof.
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    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.

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    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.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Mixed-Use Commercial Strip Center
    Mixed-Use Commercial Strip Center

    4325 N Sheridan Road, Peoria, IL 61614

    $870,344
    13,978 sqft

    Mixed-use commercial strip center with 11 units in Peoria, IL.

    View details
    Updated Strip Mall Building
    Updated Strip Mall Building

    602 E WALNUT Street, Chatham, IL 62629

    $225,000

    Strip style building offers four separate retail units with a newly installed roof.

    View details
    Retail Strip Center For Sale
    Retail Strip Center For Sale

    2004-2010 N Knoxville Ave, Peoria, IL

    $2,660,000
    24,879 sqft 1.42 AC lot

    23,856 SF retail strip center anchored by national tenants.

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

    602 E WALNUT Street, Chatham, IL 62629

    $225,000
    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.

    Prime Commercial Land I-55 Access
    Prime Commercial Land I-55 Access

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

    $550,000
    1.63 AC lot

    1.63 acre commercial land near I-55 in Springfield, IL.

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    Commercial Corner Land with Signalization
    Commercial Corner Land with Signalization

    9499 Lewis And Clark Boulevard .88 Acres Corner Lot, St, Louis, MO 63136

    $632,000
    0.88 AC lot

    Nearly one acre of corner commercial land with substantial frontage and signalized access for a range of retail or service uses.

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    Signalized Corner Commercial Land
    Signalized Corner Commercial Land

    9499 Lewis And Clark Boulevard, St, Louis, MO 63136

    $999,000
    1.76 AC lot

    Hard-corner site with substantial frontage on two roads, positioned for a variety of commercial developments.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    9499 Lewis And Clark Boulevard .88 Acres, St, Louis, MO 63136

    $483,000
    0.88 AC lot

    .88+/- acre site offering 145 feet of frontage for commercial development or a future ground lease.

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    Springfield, IL Strip Malls Market Trends and Statistics

    Explore 4 strip malls for sale in Springfield, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 11,873 square feet of properties for sale, with an estimated market value of $4,095,000.

    Sale prices for retail strips in Springfield, IL start at $4,095,000, averaging $4,095,000, and reaching up to $4,095,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 32
    Storefront properties 26
    Automotive properties 15
    Auto shops 6
    Showrooms 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 $2.5M

    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.

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