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    1430 S 8Th St Springfield, IL 62703

    For Sale
    $44,900

    Commercial - Springfield, IL

    Property size:
    2,391 SF
    Lot size:
    0.14 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 6 at 9:06 am

    Property Features for 1430 S 8Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    22030126008
    Size
    2,391 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Flooring type
    Carpet
    Building materials
    Frame, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Other

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

    Listing agent Dawn Sunley (217) 787-7000 License #475115353

    Listing date Oct 29, 2025

    MLS# CA1023857 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 Building For Sale

    This two-story commercial building is available for sale. It is located on a corner lot less than one block from South Grand Avenue. The property is zoned B-1 and offers multiple office spaces that can be divided for multiple income opportunities. The building has three entrances to facilitate division as needed. The property requires some interior improvements. A shed in the back of the property will remain. A new roof was installed in August of 2024 and includes a transferable warranty. The lot size is 0.14 acres and the building size is 2391 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rolens Brothers Institute ... Musical Instrument Repair Shop Specialized Office Services Office Supply Store

    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
    -89.645098
    Latitude
    39.786196

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    FAQs

    What type of property is this?
    Office building - Two-story commercial building with new roof near S. Grand Ave.
    Where is this office building located?
    The property is located at 1430 S 8Th St Springfield, IL.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: - New roof installed August 2024 with transferrable warranty.; - Free-standing 2-story commercial property zoned B-1.; - Corner lot location less than 1 block off S. Grand Ave.
    (217) 787-7000
    Request Owner's contact information
    1430 S 8Th St Springfield, IL 62703
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    Springfield, IL 62703
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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
    1430 S 8Th St Springfield, IL 62703
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