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Freestanding Small-Box Property 920 E North Grand Ave
15,251 SF of Retail Space Available in Springfield, IL 62702
Highlights
- High Visibility & Multiple Pylon Signs
- Signalized Intersection
- Drive-Thru Capabilities
- Hard Corner Lot
- Ample Parking
- Located in TIF District & Enterprise Zone
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 15,251 SF | 9’ - 12’ | 5-10 Years | $9.00 /SF/YR $0.75 /SF/MO $96.88 /m²/YR $8.07 /m²/MO $11,438 /MO $137,259 /YR | Net |
1st Floor
This freestanding 15,251 SF small-box property offers high visibility on a hard corner lot, formerly home to a CVS Pharmacy. Situated at a bustling intersection with 20,550 AADT, the location guarantees unmatched exposure and accessibility, complemented by prominent pylon signs and convenient traffic-signal access. With ample parking and a large surrounding population, the property is ideal for retail businesses seeking a strategic foothold. Constructed with durable precast concrete, the building features a spacious open sales area with 12' ceilings, ideal for flexible layout options. Supporting facilities include a small office, photo room with an eye-washing station, a wet-sprinkler-equipped back stock room, an 18’6" x 11' walk-in cooler, three restrooms, a lounge area, a pharmacy, and an additional office. An efficient 5,000 lb hydraulic dock lift further enhances the property’s functionality for businesses with larger inventory needs. Located within the Enos Park TIF District and the Springfield/Sangamon County Enterprise Zone, this property is eligible for multiple incentives. These include potential assistance that offer significant advantages for new or expanding businesses. This property is a unique investment opportunity for visionary businesses ready to capitalize on a high-traffic, growth-ready location. Springfield is the Capital of Illinois, the county seat of Sangamon County, and the 6th most populous city in Illinois. It is located in central Illinois and is accessed by Interstate 55 and 72. It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis, MO. The historic US Route 66 crosses Illinois from Chicago to East St. Louis, which includes Springfield. Also, it is the hometown of President Abraham Lincoln, whose life and activities drive tourism. The Abraham Lincoln Presidential Library and Museum Complex adds to the annual tourism traffic. Further, Springfield is home to the University of Illinois at Springfield (UIS), one of three universities in the U of I system with 1,642 employees and 2,503 enrolled students, the Southern Illinois (SIU) School of Medicine, and Lincoln Land Community College.
- Lease rate does not include certain property expenses
- Fully Built-Out as Standard Retail Space
- Anchor Space
- Central Air and Heating
- Partitioned Offices
- Private Restrooms
- Freezer Space
- Fully Carpeted
- Security System
- Closed Circuit Television Monitoring (CCTV)
- Corner Space
- High Ceilings
- Drop Ceilings
- Exposed Ceiling
- Secure Storage
- Recessed Lighting
- Emergency Lighting
- After Hours HVAC Available
- Finished Ceilings: 9’ - 12’
- DDA Compliant
- Drive Thru
- Professional Lease
- Wheelchair Accessible
- High Visibility + Hard Corner
- Multiple Pylon Signs
- Signalized Intersection
- Ample Parking
- Drive-Thru Capabilities
- Located in TIF District & Enterprise Zone
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 920 E North Grand Ave , Springfield, IL 62702
| Property Type | Retail | Year Built | 2001 |
| Property Subtype | Freestanding | Parking Ratio | 4.72/1,000 SF |
| Gross Leasable Area | 15,251 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 15,251 SF |
| Year Built | 2001 |
| Parking Ratio | 4.72/1,000 SF |
About the Property
Located within the Enos Park TIF District and the Springfield/Sangamon County Enterprise Zone, this property is eligible for multiple incentives. These include potential assistance that offer significant advantages for new or expanding businesses. This property is a unique investment opportunity for visionary businesses ready to capitalize on a high-traffic, growth-ready location. Springfield is the Capital of Illinois, the county seat of Sangamon County, and the 6th most populous city in Illinois. It is located in central Illinois and is accessed by Interstate 55 and 72. It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis, MO. The historic US Route 66 crosses Illinois from Chicago to East St. Louis, which includes Springfield. Also, it is the hometown of President Abraham Lincoln, whose life and activities drive tourism. The Abraham Lincoln Presidential Library and Museum Complex adds to the annual tourism traffic. Further, Springfield is home to the University of Illinois at Springfield (UIS), one of three universities in the U of I system with 1,642 employees and 2,503 enrolled students, the Southern Illinois (SIU) School of Medicine, and Lincoln Land Community College.
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
-
Blake Pryor -
Larry Kuchefski -
Coldwell Banker Commercial Devonshire Realty
Learn More About Leasing Retail Properties
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Freestanding Small-Box Property | 920 E North Grand Ave
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