Springfield, IL Commercial Real Estate for Rent and Sale
Search 61 commercial real estate listings in Springfield, IL and find helpful local stats in the Market Overview section below.
-
1035 Lejune Dr, Laketown, Springfield, IL
Commercial Real Estate Listings in Springfield, IL
The Springfield real estate market has a lot to offer. You will find that Retail space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Office space accounts for the second-largest share of listings on the market.
Springfield, IL Commercial Real Estate Listings for Rent
Type
No. of Listings
Space Available
Retail
27
279,296 Sq. Ft.
Office
18
76,834 Sq. Ft.
Industrial
1
55,000 Sq. Ft.
CRE for Rent in Springfield, IL by Use Type
Office
18.69%
Retail
67.93%
Industrial
13.38%Top Locations for Commercial Space in Springfield, IL
Depending on the type of space that you’re looking for, different areas of Springfield may suit your needs differently. The city’s Westchester neighborhood has the highest concentration of CRE listings, offering 10 availabilities on the market. The West Koke Mill neighborhood is home to the second-largest number of leasing opportunities — 5 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Downtown Springfield.
Top Locations for CRE Listings in Springfield, IL
Neighborhood with most CRE Listings
No. of Spaces
Westchester
10
West Koke Mill
5
Downtown Springfield
4
Top Locations for Office Listings in Springfield, IL
Neighborhood with most Office Listings
No. of Spaces
Downtown Springfield
4
Vinegar Hill
3
Westside Springfield
2
Areas with numerous industrial properties are also more likely to be well-connected logistically. The Oak Ridge area is the local Springfield submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Springfield, you’ll find the most such opportunities for lease to be in Westchester.
Top Locations for Retail Listings in Springfield, IL
Neighborhood with most Retail Listings
No. of Spaces
Westchester
9
West Koke Mill
5
Twin Lakes
3
Commercial Real Estate for Sale in Springfield, IL
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer. There are currently 100,477 square feet of commercial property for sale in Springfield. The largest investment opportunity on the local market offers 24,500 square feet of earning potential. If you are looking to buy a smaller property, consider that local listings for sale start at 1 square feet.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-Use and Green Commercial Real Estate in Springfield, IL
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
Other Popular Searches
-
318 listings
-
9 listings
-
5 listings
-
3 listings
Popular Coworking Searches
-
112 listings
-
54 listings
-
50 listings
-
44 listings
-
39 listings
-
38 listings
-
34 listings
-
24 listings
-
22 listings
-
20 listings
Popular Office Searches
-
78 listings
-
12 listings
Popular Retail Searches
-
84 listings
-
22 listings
Popular Industrial Searches
-
32 listings
About Us
CommercialSearch collaborates with highly respected major brokerages nationwide to provide frequently updated high-quality listings. Find all commercial property types on our marketplace, from office, coworking, retail, and industrial to special purpose properties.
CommercialSearch is a trusted Yardi listing service and an essential element of the fast-growing CommercialEdge network, which ranks on the 1st page of Google for all top markets across its multiple platforms, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts yearly.