Sangamon Center North 1861-1927 E Sangamon Ave 129,335 SF 98% Leased Retail Building Springfield, IL 62702 $16,695,000 ($129.08/SF) 7.48% Cap Rate



INVESTMENT HIGHLIGHTS
- Outlot Lease-up: The property includes a 0.22 (approximately) acre out lot with full visibility and access to E Sangamon Ave, which would be ideal for
- Below Market Rent: The current average rental rate is well below market at only $9.44 psf, which offers a buyer assurance that the property will stay
- QSR Potential: The neighboring property currently underutilizes the adjoining property. There is potential to purchase additional land from that owner
- Limited Market Availability: The current market vacancy rate is 2.02%, in-line with the 3-year average of 2.00%, which offers limited availability for
EXECUTIVE SUMMARY
Please click on the link to get full access to the Property: https://platform.reverecre.com/project/60bc2a04-6654-4553-acdc-4d823ccb077f/outreach
PROPERTY FACTS
AMENITIES
- Bus Line
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS Click Here to Access
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CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
For half a century, Help at Home has been a trusted partner for families across the country, providing compassionate care that allows individuals to maintain independence and dignity at home. Help at Home is a movement redefining care. With 60,000 caregivers delivering 85 million hours of care annually, they are ensuring that every client experiences Great Days and Meaningful Moments, now and for the future.
Wash, groom and be furry. Whether a pet needs some simple pampering or the works, their full-service salon offers baths, haircuts, skin/coat treatments and more. Some Pet Supplies Plus locations even have a nailBar for quick nail services and a self-serve pet wash that includes shampoos, conditioners, towels and high-velocity dryers. They help pets look and feel their best with any of their four basic services: Full-Service Groom, Bath & Brush, Puppy Services and Nail & Quick Services.
Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club. Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With more than 2,600 locations in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.
- Rent A Center
- Retailer
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Lorem Ipsum
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Teammates of Schnuck Markets, Inc. have been serving customers a unique combination of quality food, variety and value for more than eight decades. Founded in north St. Louis in 1939, the family-owned grocery company has grown to include stores in five states: Missouri, Illinois, Indiana, Wisconsin and Iowa. With the past as a predictor of the future, Schnuck Markets can count on ongoing growth and change at Schnucks. One thing will never change: their recognition that their customers are their reason for being. Every position in the company exists to help them understand, serve and satisfy their customers.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 | |
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Health Care and Social Assistance | - | - | Lorem Ipsum | Jan 0000 | |
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Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Arts, Entertainment, and Recreation | - | - | Lorem Ipsum | Jan 0000 | |
Rent A Center | Retailer | - | - | Lorem Ipsum | Jan 0000 | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
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- AVAILABLE
Attractive retail or office space for lease in high-traffic, highly visible Sangamon Center North. Space is a 2,722 SF in-line suite located in the freestanding strip mall addition to the center. It features a large open layout with 1 restroom and a storage area. 2022 updates include 2 new HVAC units and newer paint. Great parking, visibility and clean space.
Space | Size | Space Use | Position | Available |
1939 | 2,722 SF | Retail | In-Line | Now |
1939
Size |
2,722 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
Now |
NEARBY MAJOR RETAILERS



PROPERTY TAXES
Parcel Number | 14-14.0-355-023 | Improvements Assessment | $2,487,606 |
Land Assessment | $722,787 | Total Assessment | $3,210,393 |