- For Sale $17,385,000
- Property Type Retail
- Property Size 140,000 SF
- Lot Size 13 Acre
- Date Updated Jul 22, 2026
Description
- Grocery -Anchored Shopping Center: Anchored by Schnucks, a dominant regional grocer generating strong year-over-year sales, driving consistent daily traffic to the center
- Strong National Tenant Roster: Diverse mix of national and regional tenants including Planet Fitness, USPS, Pet Supplies Plus, Rent -A -Center, and Sally Beauty
- 100% Occupied: Fully leased center providing immediate and stable in -place cash flow with no near-term leasing risk
- Long-Term Tenancy: Many tenants have occupied the center for decades, with an average tenancy exceeding 16 years
- Below -Market Rents : Average rents below market provide mark-to-market upside as leases roll
- Proven Retail Location: Positioned along E Sangamon Avenue with strong traffic counts and direct access to I-55 and surrounding retail corridors
- Well -Maintained Asset: Significant capital improvements completed including roof replacements, parking lot work, and facade upgrades
False
Contacts
Steven Silverman
Friedman Real Estate
Daniel Levine
Friedman Real Estate
Kellen Duggan
Friedman Real Estate
Location
Located at 1861-1927 Sangamon Ave, Springfield, IL 62702, this property is part of the Twin Lakes neighborhood and Outside Market Area market.
Contact 1861-1927 E Sangamon Ave
