Former Starbucks | QSR Redevelopment 2003 W Monroe St 1,815 SF Retail Building Springfield, IL 62704 $399,000 ($219.83/SF)

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present the opportunity to acquire a former Starbucks QSR property in Springfield, IL. The Seller holds fee simple interest in the asset, following Starbucks’ early lease termination. This highly visible site offers an excellent redevelopment or repositioning opportunity for a Buyer seeking an affordable, well-located property. The existing improvements include a freestanding building featuring a drive-thru, outdoor patio, and “can’t miss” signage. The interior layout offers a secure vestibule, an open retail or dining area, two ADA-compliant restrooms, and a dedicated back-of-house area suitable for storage or non-commercial kitchen use. The property is strategically located near a signalized intersection with combined traffic counts of 24,600 AADT. It sits directly across from a grocery-anchored shopping center and is surrounded by a vibrant mix of neighborhood amenities, including extensive retail, multiple schools, and both public and private golf courses. Additionally, the site benefits from close proximity to Veterans Parkway—Springfield’s primary retail corridor and a major state highway—as well as Downtown Springfield, a walkable hub for government, healthcare, arts, culture, and historical landmarks. The property’s layout and location make it well suited for a variety of uses. Potential future uses include fast casual food and beverage concepts such as a coffee shop, bakery, or pizza establishment; light retail uses such as a boutique, mobile phone store, or convenience mart; and professional office space.