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    1577 W Wabash Ave Springfield, IL 62704

    For Sale
    $550,000

    Commercial - Springfield, IL

    Property size:
    5,056 SF
    Days on Market:
    187
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1577 W Wabash Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    22080178020
    Size
    5,056 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

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

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

    Listing agent Megan Pressnall (217) 787-7000 License #475162500

    Listing date Jun 10, 2025

    MLS# CA999276 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 Bar and Restaurant For Sale

    This near west side property, rebuilt in 2007, is suitable for use as a bar and restaurant. The 5,056 square foot building features two dining rooms, a large center bar, a gaming room, a manager's office, and a private upper-level office suite equipped with a kitchenette and full bathroom. The property includes three parcels of land totaling approximately one-half acre, including an overflow parking lot located across Leonard Street. The zoning is B-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Barrel Head Irish Pub

    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.

    Similar Places Nearby

    Betty's Place Video Slots and Poker, The Dublin Pub, Debbie's - Springfield, The Barrel Head, It's All About Wine

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.680311
    Latitude
    39.764526

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    FAQs

    What type of property is this?
    Bar - Near west side bar and restaurant with gaming room.
    Where is this bar located?
    The property is located at 1577 W Wabash Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Near west side bar and restaurant with large gaming room.; - Completely rebuilt in 2007.; - Includes a private upper level office suite with kitchenette and full bathroom.
    (217) 787-7000
    Request Owner's contact information
    1577 W 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
    1577 W Wabash Ave Springfield, IL 62704
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