Springfield, IL Commercial Real Estate for Lease and Sale

Explore 58 listings of Springfield commercial real estate to find the best space for your business.

1650 Wabash Ave

1650 Wabash Ave, Westchester, Springfield, IL
Property

Retail
Availability

3 Spaces

12,750 SF
Year Built

1976
For Lease

$8.00 - $96.00/SF/YR
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2925 S Meadowbrook Rd

2925 S Meadowbrook Rd, Westside Springfield, Springfield, IL
Property

Office

1,715 SF
Availability

1 Space

1,715 SF
Year Built

1997
For Lease

$19.00/SF/YR
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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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828 S 2nd St

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

Office
Availability

1 Space

4,887 SF
Year Built

1977
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Land
3201 W. Iles Ave.

3201 W. Iles Ave., West Koke Mill, Springfield, IL
Property

Retail

38,172 SF
Availability

5 Spaces

9,218 SF
For Lease Contact for pricing
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HIGH-TRAFFIC HARD CORNER LOT NEAR DOWNTOWN SPRINGFIELD

1420 S 6th St, Iles Park, Springfield, IL
Property

VacantLand
For Sale

$79,900
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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

$225,000
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3126 S Dirksen Pkwy

3126 S Dirksen Pkwy, Glen Aire, Springfield, IL
Property

Retail

2,405 SF
Availability

1 Space

2,405 SF
Year Built

2024
For Lease

$24.00/SF/YR
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1905 Montana Dr

1905 Montana Dr, Westwood Forum, Springfield, IL
Property

Office
Availability

1 Space

4,510 SF
Year Built

2003
For Lease

$14.50/SF/YR
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100 Chatham Rd.

100 Chatham Rd., Oaks, Springfield, IL
Property

Retail

6,311 SF
Availability

1 Space

1,400 SF
For Lease Contact for pricing
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3101 Constitution Dr

3101 Constitution Dr, Westside Springfield, Springfield, IL
Property

Office

4,239 SF
Availability

1 Space

4,239 SF
For Lease

$17.50/SF/YR
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LAND FOR RETAIL/OFFICE

3100 Taylor Ave, Glen Aire, Springfield, IL
Property

VacantLand
For Sale

$100,000
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3061 Wabash Ave

3061 Wabash Ave, Westside Springfield, Springfield, IL
Property

Retail

2,065 SF
Availability

1 Space

2,065 SF
Year Built

2024
For Lease

$20.00/SF/YR
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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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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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1614 S. Macarthur Blvd.

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

Retail

7,116 SF
Availability

1 Space

5,491 SF
For Lease Contact for pricing
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RECENTLY RENOVATED SECOND-GENERATION RESTAURANT BUILDING FOR SALE OR LEASE

2100 W White Oaks Dr, Koke Mill East, Springfield, IL
Property

Retail

6,500 SF
Year Built

1994
For Sale

$2,350,000
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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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EXCELLENT DEVELOPMENT WITH 3 LOTS

2056 S MacArthur Blvd, Grand Central, Springfield, IL
Property

Retail

2,850 SF
For Sale Contact for pricing
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3130 Chatham Rd

3130 Chatham Rd, Westchester, Springfield, IL
Property

Office
Availability

1 Space

2,748 SF
For Lease

$12.95/SF/YR
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615 W Jefferson St

615 W Jefferson St, Oak Ridge, Springfield, IL
Property

Retail

3,100 SF
Availability

2 Spaces

5,045 SF
For Lease

$13.95/SF/YR
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EXCEPTIONAL CLASS A OFFICE FACILITY FOR SALE OR LEASE

740 E Ash St, Harvard Park, Springfield, IL
Property

Office
Year Built

1965
For Sale

$3,900,000
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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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1200 Centre West Dr

1200 Centre West Dr, Oaks, Springfield, IL
Property

Office

4,576 SF
For Sale

$899,000
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2100 W White Oaks Dr

2100 W White Oaks Dr, Koke Mill East, Springfield, IL
Property

Retail

6,500 SF
Availability

1 Space

6,500 SF
Year Built

1994
For Lease

$25.00/SF/YR
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FLEX BUILDING WITH INTERSTATE VISIBILITY FOR SALE OR LEASE

6444 S 6th Street Frontage Rd E, Country Place, Springfield, IL
Property

Office

10,600 SF
Year Built

1979
For Sale

$399,000
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740 E Ash St

740 E Ash St, Harvard Park, Springfield, IL
Property

Office

36,631 SF
Availability

1 Space

36,631 SF
Year Built

1965
For Lease

$10.00/SF/YR
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Chatham Square

Chatham Square, Westchester, Springfield, IL
Property

Retail

116,445 SF
Availability

4 Spaces

25,216 SF
For Lease Contact for pricing
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1700 Wabash Ave

1700 Wabash Ave, Westchester, Springfield, IL
Property

Retail

4,685 SF
Availability

1 Space

4,685 SF
Year Built

1984
For Lease

$25.00/SF/YR
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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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Aldi & Eyemart Express at Parkway Pointe

3425 Freedom Dr, Westside Springfield, Springfield, IL
Property

Retail

24,500 SF
For Sale

$4,950,000
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217 E Monroe St

217 E Monroe St, Downtown Springfield, Springfield, IL
Property

Office

1,200 SF
Availability

4 Spaces

3,747 SF
For Lease

$10.00 - $17.60/SF/YR
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920 South Spring Street
Office Services
920 South Spring Street, Springfield, IL
Services

Virtual Office

Meeting Room
Amenities

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Parking

Printer

Projector

Receptionist/Secretarial services

TV/Monitor

White boards
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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

$550,000
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3120 S 6th St

3120 S 6th St, Cabbage Patch, Springfield, IL
Property

Retail

1,747 SF
Availability

1 Space

1,747 SF
For Lease

$16.50/SF/YR
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Parkway Pointe Plaza

3405 FREEDOM DRIVE, Westside Springfield, Springfield, IL
Property

Retail

38,512 SF
Availability

1 Space

5,289 SF
Year Built

1994
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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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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2301 West Monroe Street

2301 West Monroe Street, Oaks, Springfield, IL
Property

Retail

6,728 SF
Availability

1 Space

1,329 SF
For Lease

$22.00/SF/YR
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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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1320 S. MacArthur Blvd.

1320 S. MacArthur Blvd., Grand Central, Springfield, IL
Property

VacantLand
Availability

1 Space

120,734 SF
For Lease Contact for pricing
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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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500 W Monroe St

500 W Monroe St, Vinegar Hill, Springfield, IL
Property

Office

1,400 SF
Availability

3 Spaces

3,810 SF
Year Built

1985
For Lease

$13.50/SF/YR
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3001 Spring Mill Dr

3001 Spring Mill Dr, Koke Mill East, Springfield, IL
Property

Office

1,000 SF
Availability

1 Space

1,000 SF
Year Built

1995
For Lease

$16.00/SF/YR
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3050 Stevenson Dr

3050 Stevenson Dr, Laketown, Springfield, IL
Property

Retail

6,241 SF
Availability

1 Space

6,241 SF
Year Built

1992
For Lease

$14.00/SF/YR
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Meijer & Menard’s Outlot

4221 Conestoga Drive, Piper Glen, Springfield, IL
Property

Retail
Availability

1 Space

5,009 SF
For Lease Contact for pricing
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1000 Churchill Road

1000 Churchill Road, Jefferson Park, Springfield, IL
Property

Office

14,500 SF
For Sale

$1,450,000
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VACANT LOTS FOR SALE

2334 S Grand Ave E, Iles Park, Springfield, IL
Property

VacantLand
For Sale

$150,000
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Capital City Shopping Center

NWC Dirksen Parkway & Stevenson Drive, Laketown, Springfield, IL
Property

Retail

182,498 SF
Availability

15 Spaces

78,760 SF
For Lease Contact for pricing
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4133 Old Jacksonville Rd

4133 Old Jacksonville Rd, Harrison Park, Springfield, IL
Property

Office

9,855 SF
Availability

1 Space

9,855 SF
For Lease Contact for pricing
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1700 Wabash Ave

1700 Wabash Ave, Westchester, Springfield, IL
Property

Retail

4,685 SF
Availability

1 Space

4,685 SF
For Lease Contact for pricing
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726 S 2nd St

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

Office

5,248 SF
For Sale

$355,000
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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 94,913 square feet of office space across 18 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 631,650 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 55,000 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 209,646 square feet of available listings. Office space available in Springfield adds up to 90,829 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 $13.97 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 $25 per square foot. In particular, the property type commanding the highest lease rates in Springfield was Retail 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 11,865 square feet.
Retail properties here incorporate an average of 42,110 square feet.
Industrial space in Springfield is in buildings that are, on average 55,000 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 329,476 square feet. The market offers 12 active office listing(s), which amount to 90,829 square feet and account for 33% of commercial spaces on the market. Local retail availability includes 213,646 square feet across 22 retail space(s). Industrial space for rent opportunities in Springfield amount to 25,000 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	12	90,829
Retail	22	213,646
Industrial	1	25,000
Other	1	1

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 279,458 square feet of commercial property for sale here , which includes 7 office building(s) for sale , 7 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	7	56,520
Retail	7	222,938
Other	8	0

Springfield, IL Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

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

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