Core-Plus Grocery-Anchored Neighborhood Shopping Center
$1,700,000
1277 N 7th St, Spaulding, IL 62561
30,711 sqft
Building Size
5.43 acres
Lot Area
Details:
Description:
Ideally located near the heart of Riverton, the Property benefits from close proximity to key community amenities including residential neighborhoods, schools, and churches. It is easily accessible via North 7th Street, with convenient connections to state routes and Interstate 72. The Property serves a trade area of more than 23,000 residents within a five-mile radius, with an average household income of over $104,000.
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to present an exceptional opportunity to acquire a Core-Plus Grocery-Anchored Shopping Center – 30,711-square-foot retail center with an adjacent 0.87-acre pad site (the “Property”) in Riverton, IL, part of the Springfield MSA.
The Property features a diverse mix of long-term, service-oriented, and e-commerce–resistant tenants, many of whom have occupied their spaces for years—showcasing both strong tenant loyalty and lasting community appeal. Built in 1979, the center has consistently maintained high occupancy levels, providing investors with stable income, and the 0.87-acre pad site offers additional upside and is ready for development. The site could support a range of uses—such as multi-family housing, an office or retail building, or a quick-service restaurant (QSR)—creating opportunities to further expand the Property’s revenue base and overall value.
Listing ID: 0f4bd0c4-09a8-4927-b510-f1aa53fac293
Documents:
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Location
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