Retail and Restaurant Building with
For Sale
$450,000
1577 W WABASH Avenue, Springfield, IL 62704
COMMERCIAL - Springfield, IL
Lot Size0.50 Acres
Days on Market2289
Property Features for 1577 W WABASH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Directions
On corner of Wabash and Leonard in Jerome.
Standard status
Active
APN
22080178020
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
27729
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Floors in Building
2
Flooring type
Tile
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Megan Pressnall · License #475162500
(217) 341-8323
Added: Apr 24, 2020
Changed: Jun 30
Last Checked: Jul 30 at 11:06PM
MLS# CA999276
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.
Investment Insights
Based on property information with market context.
This commercial building is available for retail or restaurant use and was completely rebuilt in 2007. The layout includes two dining rooms, a large center bar, and a large gaming room, along with a manager’s office. An additional private upper level office suite includes a kitchenette and a full bathroom.
The property includes 3 parcels of land on approximately a half acre, with an overflow parking lot located across Leonard Street. The available land and parking support customer and staff needs for an operator seeking both in-building amenities and off-site overflow.
With its established food-and-beverage configuration, the building is well suited for a restaurateur or bar operator looking for dedicated dining areas, bar service space, and a gaming room. The included management space and upper-level office suite can also support back-office functions, scheduling, and day-to-day operations while keeping administrative space separated from the guest areas. Zoning is B-1, which should be reviewed for specific tenant plans before finalizing use.
The property includes 3 parcels of land on approximately a half acre, with an overflow parking lot located across Leonard Street. The available land and parking support customer and staff needs for an operator seeking both in-building amenities and off-site overflow.
With its established food-and-beverage configuration, the building is well suited for a restaurateur or bar operator looking for dedicated dining areas, bar service space, and a gaming room. The included management space and upper-level office suite can also support back-office functions, scheduling, and day-to-day operations while keeping administrative space separated from the guest areas. Zoning is B-1, which should be reviewed for specific tenant plans before finalizing use.
Key Highlights
- Suitable for retail or restaurant use with existing dining rooms, bar, and gaming room.
- Includes a private upper‑level office suite with kitchenette and full bathroom.
- Substantial renovation completed in 2007.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Betty's Place Video Slots and Poker — 1650 Wabash Ave # I, Springfield, IL 62704
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- It's All About Wine — 1305 Wabash Ave, Springfield, IL 62704
Frequently Asked Questions
What type of property is this?
Bar & Pub - Completely rebuilt in 2007 offering two dining rooms, a gaming room, and office space with on-site parking.
Where is this bar & pub located?
The property is located at 1577 W WABASH Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Suitable for retail or restaurant use with existing dining rooms, bar, and gaming room.; Includes a private upper‑level office suite with kitchenette and full bathroom.; Substantial renovation completed in 2007.
