Springfield, IL Commercial Real Estate

Search commercial property for lease or for sale and view the Market Overview section below for local stats and insights.

88 Listings

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Subject To Offer
31-Story, Full-Service Downtown Hotel
700 E Adams St, Downtown Springfield, Springfield, IL
Property Type
Other
374,200 SF
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$8.80/SF/YR
4524 Industrial Ave
4524 Industrial Ave, Deerwood Lake, Springfield, IL
Space Type
Industrial
1 space

6,480 SF
1 of 1
$1,200,000
Freestanding Small-Box Property on a Hard Corner Location For Sale or Lease
920 E North Grand Ave, Pillsbury, Springfield, IL
Property Type
Retail
Built in 2001

15,251 SF
1 of 1
$286,300
Vacant land cr 4
Vacant land cr 4, Panther Creek Country Club, Elkhart, IN
Property Type
VacantLand
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$2,999,999
Centre@501
501 East Capitol Avenue, Downtown Springfield, Springfield, IL
Property Type
Other
Built in 1854

50,691 SF
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$540,000
27-unit Springfield Multifamily Opportunity
604-614 South 4th Street, Old Aristocracy Hill, Springfield, IL
Property Type
Multi-Family
26,856 SF
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$20.00/SF/YR
3051 Hollis Dr
3051 Hollis Dr, Westside Springfield, Springfield, IL
Space Type
Office
1 space

114,158 SF
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2 of 2
$3,975,000
I - 72 at Wabash
WABASH AND BUNKER HILL, Centennial Park, Springfield, IL
Property Type
Industrial
1 of 1
$6.50/SF/YR
2400 Jack Lane
2400 Jack Lane, Irisdale, Springfield, IL
Space Type
Industrial
1 space

35,600 SF
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Price on request

2919 S. Sixth St.

2919 S. Sixth St., Southern View, Springfield, IL
Space Type
Retail
1 space

2,574 SF
1 of 1
$47,500
6410 S 6th Street Frontage Rd E
6410 S 6th Street Frontage Rd E, Country Place, Springfield, IL
Property Type
Other
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Price on request

828 S 2nd St

828 S 2nd St, Old Aristocracy Hill, Springfield, IL
Space Type
Office
1 space

4,887 SF
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$7.00/SF/YR
2345 S MacArthur Blvd
2345 S MacArthur Blvd, Washington Knolls, Springfield, IL
Space Type
Office
1 space

8,000 SF
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$16.50 - $18.00/SF/YR
3114 S 6th St
3114 S 6th St, Cabbage Patch, Springfield, IL
Space Type
Retail
1 space

2,592 SF
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$14.50/SF/YR
1905 Montana Dr
1905 Montana Dr, Westwood Forum, Springfield, IL
Space Type
Office
1 space

1,334 SF
1 of 1
$18.00/SF/YR
3101 S MacArthur Blvd
3101 S MacArthur Blvd, Westchester, Springfield, IL
Space Type
Retail
1 space

4,000 SF
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$8.00 - $96.00/SF/YR
1650 Wabash Ave
1650 Wabash Ave, Westchester, Springfield, IL
Space Type
Retail
3 spaces

3,750 - 4,500 SF
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Price on request

Chatham Square

Chatham Square, Westchester, Springfield, IL
Space Type
Retail
5 spaces

1,500 - 17,325 SF
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$10.00/SF/YR
611 E South Grand Ave
611 E South Grand Ave, Old Aristocracy Hill, Springfield, IL
Space Type
Retail
1 space

13,225 SF
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$750.00/MO
5221 S 6th Street Frontage Rd E
5221 S 6th Street Frontage Rd E, Deerwood Lake, Springfield, IL
Space Type
Office
1 space

660 SF
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$350.00 - $750.00/MO
1209 S 4th St
1209 S 4th St, Old Aristocracy Hill, Springfield, IL
Space Type
Office
1 space

350 SF
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$11.00 - $26.67/SF/YR
217 E Monroe St
217 E Monroe St, Downtown Springfield, Springfield, IL
Space Type
Office
1 space

4,866 SF
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$14.00/SF/YR
3120 Montvale Dr
3120 Montvale Dr, Westwood Forum, Springfield, IL
Space Type
Retail
1 space

3,250 SF
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Price on request

Parkway Pointe Plaza

3405 Freedom Dr, Westside Springfield, Springfield, IL
Space Type
Retail
1 space

5,065 SF
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$3,500,000
The Hickox Collection
631 S 4th St, Old Aristocracy Hill, Springfield, IL
Property Type
Multi-Family
Built in 1920

53,265 SF
1 of 1
$125,000
Vacant Corner Lot
222 West Reynolds Street, Oak Ridge, Springfield, IL
Property Type
VacantLand
1 of 1
$9.00/SF/YR
920 E North Grand Ave
920 E North Grand Ave, Pillsbury, Springfield, IL
Space Type
Retail
1 space

15,251 SF
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$299,000
Gateway Development Opportunity Between Downtown & the Medical District For Sale
301 N 5th St, Downtown Springfield, Springfield, IL
Property Type
VacantLand
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$738,000
Industrial Warehouse
750 North 19th Street, Pillsbury, Springfield, IL
Property Type
Industrial
Built in 1970

43,425 SF
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Price on request

1320 S. MacArthur Blvd.

1320 S. MacArthur Blvd., Grand Central, Springfield, IL
Space Type
Land
1 space

120,734 SF
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$249,000
315 N. 5th St.
315 North 5th Street, Downtown Springfield, Springfield, IL
Property Type
Office
12,400 SF
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3201 W. Iles Ave.

3201 W. Iles Ave., West Koke Mill, Springfield, IL
Space Type
Retail
5 spaces

1,266 - 2,380 SF
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$9.50/SF/YR
Centre at 501 Suite B
501 East Capitol Avenue, Downtown Springfield, Springfield, IL
Space Type
Office
1 space

3,321 SF
1 of 1
$499,000
Multiple Lots
110 West Reynolds Street, Oak Ridge, Springfield, IL
Property Type
VacantLand
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$10.00/SF/YR
740 E Ash St
740 E Ash St, Harvard Park, Springfield, IL
Space Type
Office
1 space

36,631 SF
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$750.00 - $1,200.00/SF/MO
900 Christopher Ln
900 Christopher Ln, Country Place, Springfield, IL
Space Type
Office
1 space

980 SF
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$8.00/SF/YR
6200 S 2nd St
6200 S 2nd St, Country Place, Springfield, IL
Space Type
Industrial
1 space

6,000 SF
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$12.00/SF/YR
1720 E Sangamon Ave
1720 E Sangamon Ave, Northgate, Springfield, IL
Space Type
Retail
1 space

3,200 SF
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$20.00/SF/YR
2711 N Dirksen Pkwy
2711 N Dirksen Pkwy, Twin Lakes, Springfield, IL
Space Type
Retail
1 space

1,368 SF
1 of 1
$184,000
Vacant Lots
108 West Mason Street, Oak Ridge, Springfield, IL
Property Type
VacantLand

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The Springfield, IL Commercial Real Estate Market at a Glance

The commercial real estate market in Springfield, IL includes commercial property of all types. To put it in numbers, there are 733,900 square feet of commercial space in 84 commercial properties across the city. If you are not familiar with commercial real estate in Springfield, IL, below are a few essential aspects to consider in order to better understand the local market.

Commercial Space for Rent Opportunities in Springfield, IL

You can search 56 commercial real estate space listing(s) currently available for rent in Springfield, IL, which represents a total of 733,900 square feet. Leasing opportunities here include 15 office listing(s), 4 industrial and warehouse listing(s), 33 retail space listing(s), and more. Use the search filters at the top of the page and the interactive map to see location-specific advantages when looking for your next commercial space for lease in Springfield, IL. You can conveniently reach out for more in-depth information using the contact form available on each listing.

Springfield, IL Commercial Real Estate Listings for Rent

Property type No. of Listings Total Sq. Ft. Avg. Asking Rent

Office 24 188,896 N/A

Retail 26 850,158 $14.18

Industrial 8 111,492 N/A

Other 4 260,562 N/A

Looking to lease a particular type of commercial property? Visit our dedicated pages for office space for rent, retail spaces for lease, or warehouses for rent to view current listings and access more in-depth market stats.

What to Consider When Renting Commercial Real Estate in Springfield, IL

If you are somewhat new to this process, a good place to start would be our quick guide to the differences between commercial property types, and some essential terms to know. Once you get the general idea of what a certain kind of space can offer you, it is essential to clarify what to prioritize among your business needs relating to the workspace you need to occupy and the location where you need it to be.

Not all decision factors can be clear-cut search filters and property categories, so the next step after doing a listing search for the type of property you need should be to reach out to the real estate brokers, as they are best positioned to fill in the blanks and help you secure the best commercial space lease for your needs.

Commercial Real Estate for Sale in Springfield, IL

Those who are better served by owning instead of renting commercial property can also find options for sale here. Investment opportunities currently listed on the local market add up to a total of 38 commercial property for sale listing(s).

Depending on aspects such as location, market particularities, and property potential, office space can be transformed and adapted to accommodate a great variety of tenant businesses and institutions. Options of commercial real estate for sale in Springfield include 9 office building for sale listing(s).

If your investment strategy is focused on warehousing, logistics, or similar property types, you’ll find 4 industrial real estate for sale listing(s) currently marketed in Springfield.

Interested in retail property investment? The local market currently offers 5 retail space for sale listing(s), complete with essential listing details, property data, and broker contact information.

Springfield, IL Commercial Real Estate Listings for Sale

Property type No. of Listings Total Sq. Ft.

Office 9 188,896

Retail 5 850,158

Industrial 4 111,492

Other 20 1,447,646

Shopping for a certain type of commercial property? Visit our dedicated pages for office property for sale, retail space for sale, or industrial real estate for sale to see what local investment opportunities are currently listed.

Buying Commercial Property in Springfield, IL

When acquiring commercial property, you are likely to take into consideration some of the same factors that go into choosing a space to rent: location, size, configuration, the condition of the property, and costs. However, some aspects might be more relevant to consider when looking to buy property, such as: the zoning and what property improvements or transformations it allows; how flexible the property is in terms of repositioning or adaptive reuse improvements (some configurations lend themselves to transformation more easily than others); and what equity potential the investment might have.

Additionally, it is highly recommended that you enlist the expertise of professionals who are knowledgeable not only in the complexities of property acquisitions, but also in the untapped investment potential in their local markets.

Where You Are Most Likely to Find Commercial Space in Springfield, IL

The best areas of the market may vary depending on the type of commercial real estate you are interested in, either for rent or for sale. For instance, while office properties and retail space are often located relatively close to each other, some industrial real estate tends to be zoned separately.

In Springfield, IL, you will find the highest number of commercial property for rent or for sale listings in the Downtown Springfield neighborhood. Searching by different property types, you’ll find that the Downtown Springfield neighborhood currently offers the highest number of office space opportunities. Meanwhile, you’ll find the highest number of local retail for rent or investment listings in the Westside Springfield neighborhood. Industrial opportunities on the local market are mostly concentrated in the Irisdale neighborhood.

Find Commercial Real Estate Near Me

Whether you are looking to rent or to buy, you can easily find the right commercial space in your preferred location, with PropertyShark. Our interactive map navigation modes include the possibility to bring up listings in the area of your current map view, as well as the option to draw a polygon to determine an exact search area, and a radius tool with which you can search for listings around a particular point of interest. Reach out to property representatives to schedule a tour or request more information, using the quick contact tool available with each listing search result.