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    212 W Laurel St Springfield, IL 62704

    For Sale
    $168,000

    Commercial - Springfield, IL

    Property size:
    3,254 SF
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 212 W Laurel St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    S1
    APN
    22-04.0-253-033
    Size
    3,254 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Tile, Wood
    Building materials
    Brick, Vinyl Siding
    Roof type
    Flat
    Architectural style
    Other

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

    Listing agent Jerry George (217) 787-7000 License #475159363

    Listing date Nov 7, 2025

    MLS# CA1040418 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 Retail Investment Property

    This investment property features four separate units, all of which are currently rented and generating stable income. The property includes a six-year-old flat rubber roof. Tenants are responsible for covering all of their utility expenses, while the owner is responsible for trash removal and groundskeeping. The zoning was changed from R5B to S1 to accommodate small retail businesses. The property is located in Springfield, Illinois. The building has a total area of 3254 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair Force Two ... Barber Shop Art Concepts Gallery ... Art Gallery Elegance Natural Hair ... Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.656655
    Latitude
    39.782611

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    FAQs

    What type of property is this?
    Retail space - Four-unit retail property in Springfield, fully rented with stable income.
    Where is this retail space located?
    The property is located at 212 W Laurel St Springfield, IL.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: - Four fully rented units provide stable income.; - Zoned S1 to allow small retail business.; - Tenants pay all utilities.
    (217) 787-7000
    Request Owner's contact information
    212 W Laurel St 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
    212 W Laurel St Springfield, IL 62704
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