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    2445 S 5Th St Springfield, IL 62703

    Pending
    For Sale
    $375,000

    Commercial - Springfield, IL

    Property size:
    5,227 SF
    Days on Market:
    31
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 2445 S 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R5B
    APN
    22-09.0-227-013
    Parking
    35
    Size
    5,227 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Brick, Frame
    Roof type
    Metal
    Architectural style
    Other

    Campo Realty, Inc. (217) 625-4663 [email protected]

    Listing agent Dominic Campo (217) 625-4663 License #471019259

    Listing date Nov 13, 2025

    MLS# CA1039214 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

    Updated Commercial Space in Springfield

    Located in Springfield, this updated commercial space at 2445 S. 5th St. offers 5,227 sq ft of space. The all-brick building, featuring a new metal roof installed in 2017, is situated in a location with an average daily traffic count of 12,700 and provides over 35 parking spaces. The interior has been remodeled with updated windows, flooring, lighting, and ceilings. The property includes three suites. The upstairs unit, approximately 2689 sq ft, is currently used as a hair salon, featuring two restrooms, LVP flooring, a break room, and an office. Fixtures in this unit are available for purchase at an additional cost. The lower level is divided into two suites. One suite, approximately 1,073 sq ft, is leased by Bella Luna and includes a lobby, sitting area, four offices with sinks, and a break room; the Bella Luna buildout was completed in 2019. The other lower-level suite, approximately 1,169 sq ft, is currently a blank slate. The lower level has two shared restrooms accessed through a shared hallway. Major updates include three HVAC units installed in March 2024, half of the asphalt parking lot in August 2024, and the roof, windows, and flooring between 2014 and 2017.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Service Employees International ... Labor Union JMG Hair Gallery Hair Salon

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.650253
    Latitude
    39.771617

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    FAQs

    What type of property is this?
    Retail space - Updated 5,227 sq ft commercial space with high visibility.
    Where is this retail space located?
    The property is located at 2445 S 5Th St Springfield, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Prime location with high visibility and access, boasting an average daily traffic count of 12,700 and over 35 parking spaces.; - Completely updated and remodeled 5,227 sq ft commercial space, ready for immediate occupancy or investment.; - New metal roof (2017) and recent major updates including 3 new HVAC units (March 2024), windows, flooring (2014-2017), and partial asphalt parking lot replacement (Aug 2024).
    (217) 625-4663
    Request Owner's contact information
    2445 S 5Th St Springfield, IL 62703
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    Springfield, IL 62703
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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
    2445 S 5Th St Springfield, IL 62703
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