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    229 N Grand Ave, Unit 223 Springfield, IL 62702

    Sponsored
    For Sale
    $275,000

    COMMERCIAL - Springfield, IL

    Days on Market:
    105
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 229 N Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    14210480009

    Keller Williams Capital (217) 553-4368 [email protected]

    Listing agent James J Skeeters

    Listing date Sep 23, 2025

    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

    Spacious Commercial Building with Fenced Lot

    This commercial property in Springfield, IL, offers a spacious 8,000 sq ft building suitable for various uses. The property includes one 10 ft overhead door and a large fenced-in lot. The zoning is B-1. Please note that the back building will need a roof.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Weeks Auto Seat ... Auto Upholsterer

    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
    -89.6449
    Latitude
    39.8189

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    FAQs

    What type of property is this?
    Warehouse - 8,000 sq ft building with overhead door and fenced lot.
    Where is this warehouse located?
    The property is located at 229 N Grand Ave, Unit 223 Springfield, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Spacious 8,000 sq ft building; - Large fenced-in lot; - One 10 ft overhead door
    (217) 971-6775
    Request Owner's contact information
    229 N Grand Ave, Unit 223 Springfield, IL 62702
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    Springfield, IL 62702
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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
    229 N Grand Ave, Unit 223 Springfield, IL 62702
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