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    1509 S Macarthur Blvd Springfield, IL 62704

    For Sale
    $119,000

    Commercial - Springfield, IL

    Property size:
    950 SF
    Days on Market:
    113
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 1509 S Macarthur Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5B
    APN
    22050232025
    Size
    950 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Wood
    Building materials
    Frame, Wood Siding
    Roof type
    Composition, Shingle
    Architectural style
    Other

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

    Listing agent Kathy Badger (217) 787-7000 License #475128998

    Listing date Aug 21, 2025

    MLS# CA1035949 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

    Live/Work Space on MacArthur Boulevard

    This R5B-zoned property offers a live-and-work opportunity in a prime location off MacArthur Boulevard in Springfield, Illinois. Previously an alterations shop since 2010, the 950-square-foot space is suited for a small business with living quarters. The layout includes two bedrooms, a full bath, a kitchen and dining room, and a spacious front room suitable for a storefront, office, or studio. The property features convenient rear parking for clients or deliveries. It benefits from excellent visibility and easy access. Updates and improvements have been made, including to the mechanicals and windows. All kitchen appliances are included. An additional parcel behind the property, identified as 22-05.0-232-024, has taxes of $320.70 (2024). This property is suitable for a boutique, salon, office, or creative studio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mai Alterations Wedding 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
    -89.66865
    Latitude
    39.784315

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    FAQs

    What type of property is this?
    Live-work space - R5B zoned live/work property with storefront in prime location.
    Where is this live-work space located?
    The property is located at 1509 S Macarthur Blvd Springfield, IL.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - R5B zoning allows for both residential living and operating a small business.; - Prime location just off MacArthur Blvd with excellent visibility and easy access.; - Includes living quarters: **2 bedrooms, full bath, kitchen & dining room.**
    (217) 787-7000
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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
    1509 S Macarthur Blvd Springfield, IL 62704
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