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    1028 S Grand Ave Springfield, IL 62704

    Sponsored
    For Sale
    $695,000

    COMMERCIAL - Springfield, IL

    Days on Market:
    1
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1028 S Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    22-05.0-229-006

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Flooring type
    Tile, Carpet, Wood
    Building materials
    Brick, Frame
    Roof type
    Asphalt

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Bill Marriott

    Listing date Jan 5, 2026

    Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Springfield Office Building For Sale

    This is a 25,065 square foot all-brick office building available for sale or lease, situated on the corner of MacArthur and South Grand Avenue in Springfield, IL. The first and second floors each offer 8,355 square feet of office space, complemented by an additional 4,000 square feet in the lower level. The building features a mix of executive offices, conference rooms, and open areas suitable for cubicles. A Cat generator is included for electrical backup. The property provides 39 parking spaces, along with 4 handicap spaces. Additional parking is available if needed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reiser, Craig J Attorney Kepner & Reiser Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.66906983
    Latitude
    39.78662784

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    FAQs

    What type of property is this?
    Office building - 25,065 SF office building on MacArthur and South Grand.
    Where is this office building located?
    The property is located at 1028 S Grand Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Substantial 25,065 SF all brick office building suitable for sale or lease.; - Includes **8,355 SF of office space on the 1st and 2nd floors**, plus an additional 4,000 SF in the lower level.; - Equipped with a **Cat Generator for electrical backup**.
    (217) 741-0198
    Request Owner's contact information
    1028 S Grand Ave Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1028 S Grand Ave Springfield, IL 62704
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