Springfield, IL Commercial Real Estate for Lease and Sale

Explore 69 listings of Springfield commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

386 S Koke Mill Rd

386 S Koke Mill Rd, West Side Koke Mill, Springfield, IL
Property

Office

261 SF
Availability

1 Space

261 SF
For Lease

$400.00/SF/MO
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301 W. North Grand Ave

301 W. North Grand Ave. , Pillsbury, Springfield, IL
Property

Retail

4,000 SF
Year Built

1950
For Sale

$489,000
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1614 S. Macarthur Blvd.

1614 S. Macarthur Blvd., Grand Central, Springfield, IL
Property

Retail

7,117 SF
Availability

1 Space

5,491 SF
For Lease Contact for pricing
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SECOND GENERATION RESTAURANT BUILDING NEAR INTERSTATE 55 & 72 FOR SALE OR LEASE

2690 S Dirksen Pkwy, Glen Aire, Springfield, IL
Property

Retail

4,900 SF
Year Built

2006
For Sale

$650,000
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PAD-READY SITE NEAR WHITE OAKS MALL FOR SALE

2901 W White Oaks Dr, Westside Springfield, Springfield, IL
Property

VacantLand
For Sale

$325,000
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SPORTSMAN’S LOUNGE FOR SALE

229 W Mason St, Oak Ridge, Springfield, IL
Property

Retail

3,038 SF
For Sale

$299,000
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2919 S. Sixth St.

2919 S. Sixth St., Southern View, Springfield, IL
Property

Retail

5,394 SF
Availability

1 Space

2,574 SF
For Lease Contact for pricing
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PREMIUM DEVELOPMENT LOT FOR SALE

S MacArthur Blvd & W Stanford Ave, Washington Knolls, Springfield, IL
Property

VacantLand
For Sale

$2,328,000
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3009 S Dirksen Pkwy

3009 S Dirksen Pkwy, Glen Aire, Springfield, IL
Property

Retail

2,800 SF
Availability

1 Space

2,800 SF
Year Built

1989
For Lease

$20.00/SF/YR
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6410 S 6th Street Frontage Rd E

6410 S 6th Street Frontage Rd E, Country Place, Springfield, IL
Property

Other
For Sale

$47,500
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1209 S 4th St

1209 S 4th St, Old Aristocracy Hill, Springfield, IL
Property

Office

5,904 SF
Availability

1 Space

5,904 SF
Year Built

1976
For Lease

$250.00 - $375.00/MO
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BI-LEVEL OFFICE BUILDING NEAR DOWNTOWN

1010 S 2nd St, Old Aristocracy Hill, Springfield, IL
Property

Office

8,216 SF
Year Built

1976
For Sale

$399,000
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10.74 ACRES FOR SALE

Gatlin Dr & Colt Rd, Irisdale, Springfield, IL
Property

VacantLand
For Sale

$539,000
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917 Clock Tower Dr

917 Clock Tower Dr, Oaks, Springfield, IL
Property

Office

829 SF
Availability

2 Spaces

661 SF
For Lease

$425.00 - $715.00/MO
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221 S. 5th Downtown Springfield

221 S 5th St, Downtown Springfield, Springfield, IL
Property

Retail

4,423 SF
Availability

1 Space

4,403 SF
For Lease

$3,825.00/SF/MO
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1802 N. Grand Ave.

1802 N. Grand Ave., Pillsbury, Springfield, IL
Property

Retail

3,985 SF
Availability

1 Space

3,985 SF
For Lease Contact for pricing
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Former Farm & Home Supply

2900 N Dirksen Pkwy, Devereux Heights, Springfield, IL
Property

Retail

62,900 SF
For Sale

$2,095,000
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Capital City Shopping Center

3101-3176 S Dirksen Pkwy, Glen Aire, Springfield, IL
Property

Retail

56,193 SF
For Sale

$4,560,000
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DEVELOPMENT OPPORTUNITY NEAR INTERSTATE 55 & 72 FOR SALE

3240 Horizon Dr, Glen Aire, Springfield, IL
Property

Retail
For Sale

$225,000
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AVIATORI COFFEEHOUSE FOR SALE

311 N Logan Ave, Oak Ridge, Springfield, IL
Property

Retail

1,690 SF
Year Built

1909
For Sale

$349,000
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1861 E Sangamon Ave

1861 E Sangamon Ave, Twin Lakes, Springfield, IL
Property

Retail

2,722 SF
Availability

3 Spaces

22,275 SF
For Lease Contact for pricing
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5220 S 6th Street Frontage Rd E

5220 S 6th Street Frontage Rd E, Deerwood Lake, Springfield, IL
Property

Office
Availability

1 Space

7,087 SF
Year Built

1998
For Lease

$17.00/SF/YR
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Starbucks NN+ Investment Opportunity

3412 Freedom Drive, Westside Springfield, Springfield, IL
Property

Retail

2,200 SF
Year Built

2005
For Sale

$1,800,000
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1665 Wabash Ave

1665 Wabash Ave, Jerome, Springfield, IL
Property

Retail

1,759 SF
Availability

1 Space

1,759 SF
For Lease

$12.00/SF/YR
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926 S. 7th St.

926 S 7th St, Old Aristocracy Hill, Springfield, IL
Property

Office

2,903 SF
For Sale

$219,000
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1124 S. 8th Street

1124 South 8th Street, Old Aristocracy Hill, Springfield, IL
Property

Office

2,211 SF
Year Built

1890
For Sale

$75,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Springfield commercial real estate market incorporates 207,033 square feet of office space across 23 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Springfield commercial real estate market includes 804,335 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Springfield market, there is a total of 141,850 square feet of industrial property.

The listing inventory in Springfield incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Springfield is represented by Retail space, which accounts for 185,691 square feet of available listings. Office space available in Springfield adds up to 158,727 square feet.

Meanwhile, most of the listings of commercial property for sale in Springfield are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Springfield is $14.41 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Springfield can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Springfield, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Springfield is in the Laketown neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Springfield area.

Meanwhile, retail space opportunities are most abundant in the Laketown submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Oak Ridge.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $19 per square foot. In particular, the property type commanding the highest lease rates in Springfield was Office space.

The average size of a commercial property in Springfield depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Springfield, the average size of an office property is 23,004 square feet.
Retail properties here incorporate an average of 44,686 square feet.
Industrial space in Springfield is in buildings that are, on average 47,284 square feet in size.

Springfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Springfield currently add up to 432,644 square feet. The market offers 18 active office listing(s), which amount to 158,727 square feet and account for 43% of commercial spaces on the market. Local retail availability includes 185,691 square feet across 19 retail space(s). Industrial space for rent opportunities in Springfield amount to 44,665 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	18	158,727
Retail	19	185,691
Industrial	2	44,665
Other	2	43,561

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Springfield, IL. Currently, there is 447,432 square feet of commercial property for sale here , which includes 5 office building(s) for sale , 10 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	81,458
Retail	10	322,549
Industrial	1	43,425
Other	11	0

Springfield, IL Commercial Real Estate for Lease and Sale

386 S Koke Mill Rd

301 W. North Grand Ave

1614 S. Macarthur Blvd.

SECOND GENERATION RESTAURANT BUILDING NEAR INTERSTATE 55 & 72 FOR SALE OR LEASE

PAD-READY SITE NEAR WHITE OAKS MALL FOR SALE

SPORTSMAN’S LOUNGE FOR SALE

2919 S. Sixth St.

PREMIUM DEVELOPMENT LOT FOR SALE

3009 S Dirksen Pkwy

6410 S 6th Street Frontage Rd E

1209 S 4th St

BI-LEVEL OFFICE BUILDING NEAR DOWNTOWN

10.74 ACRES FOR SALE

917 Clock Tower Dr

221 S. 5th Downtown Springfield

1802 N. Grand Ave.

Former Farm & Home Supply

Capital City Shopping Center

DEVELOPMENT OPPORTUNITY NEAR INTERSTATE 55 & 72 FOR SALE

AVIATORI COFFEEHOUSE FOR SALE

1861 E Sangamon Ave

5220 S 6th Street Frontage Rd E

Starbucks NN+ Investment Opportunity

1665 Wabash Ave

926 S. 7th St.

1124 S. 8th Street

Frequently Asked Questions

Springfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Springfield, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Springfield, IL?

What factors affect the price of commercial real estate in Springfield, IL?

What is the average rent for commercial space in Springfield, IL?

What are the best areas for commercial real estate in Springfield, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Springfield, IL?

Springfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us