Near North Crossing - Springfield, IL | Dollar Tree & Walgreens anchored

Highlights:

• Signalized Corner Location
• National Credit Tenancy
• Value-Add Opportunity
• Recent Capital Improvements

Description:

Near North Crossing | 1150 N 5th St - Springfield, IL 62702

Signalized Corner Location
• 19,671 SF fee-simple shopping center on 1.88 acres at the signalized intersection of N Grand Ave & N 5th St, offering excellent visibility and access.
Strategic Medical & Government District Positioning
• Located within the Mid-Illinois Medical District, home to over 13,000 employees and 4.7 million SF of healthcare facilities.
• Just minutes from Downtown Springfield, the Illinois State Capitol, major State agency offices, and prominent Lincoln heritage sites.
National Credit Tenancy
• Anchored by Dollar Tree and Walgreens, featuring a stable, internet-resistant, service-based tenant mix.
• Long-term tenancy demonstrates strong commitment to the location.
Recent Capital Improvements
• Significant ownership investment includes:
 LED lighting upgrades
 Modernized building façade
 New monument signage
 Roof replaced (2018)
Value-Add Opportunity
• Attractive upside through:
 Leasing existing vacancy
 Increasing below-market rents
 Converting gross leases to NNN structure

Offered at $1,595,000 | $80.27 PSF | 8.8 CAP

Documents: