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    1039 Wabash Ave Springfield, IL 62704

    For Sale
    $975,000

    Commercial - Springfield, IL

    Property size:
    13,000 SF
    Lot size:
    0.83 Acres
    Days on Market:
    57
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 1039 Wabash Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3
    APN
    22080280030
    Parking
    50
    Size
    13,000 SF
    Lot size
    0.83 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Flooring type
    Carpet
    Building materials
    Aluminum Siding, Frame
    Roof type
    Composition, Shingle
    Architectural style
    Other

    Keller Williams Capital (217) 553-4368 [email protected]

    Listing agent Philip Chiles (217) 303-8445 License #471018443

    Listing date Oct 19, 2025

    MLS# CA1039943 Listing URL

    Copyright © 2025 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 Commercial Property For Sale

    This commercial property in Springfield, Illinois, features two buildings situated on 0.83 acres in a high-traffic area. Building 1 encompasses approximately 9,000 square feet and is equipped with an elevator. Building 2 offers approximately 4,000 square feet of space. Both buildings are fully leased. The property includes over 50 parking spaces and ADA-compliant bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FEARce Beauty Artistry Beauty Salon Law Office of William ... Personal Injury Attorney BEAUTY MARK Permanent Make-Up Clinic Elite Body Lounge Massage Spa The Beauty Cave & Spa Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.669997
    Latitude
    39.765424

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    FAQs

    What type of property is this?
    Retail space - Two fully leased buildings on 0.83 acres in high-traffic area.
    Where is this retail space located?
    The property is located at 1039 Wabash Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Two buildings totaling approximately 13,000sf (9,000sf + 4,000sf); - Fully leased buildings providing immediate income; - High traffic location
    (217) 303-8445
    Request Owner's contact information
    1039 Wabash 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
    1039 Wabash Ave Springfield, IL 62704
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