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    4117 Wabash Ave Springfield, IL 62711

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Springfield, IL

    Lot size:
    1.85 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 9 at 10:06 am

    Property Features for 4117 Wabash Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    21-11.0-457-001
    Lot size
    1.85 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2012
    Floors in Building
    1
    Building materials
    Brick

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

    Listing agent Kyle T Killebrew

    Listing date Jan 8, 2026

    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.

    Overview

    Turn-Key Bar/Retail Space Available

    This turn-key bar, gaming, or retail suite is available for lease in a prime West Springfield location. Formerly Socavon Cocktail Bar, the property offers approximately 2,054 square feet with an existing layout suitable for various business ventures. It can be easily operated as a lounge, bar, or other hospitality concept with minimal build-out required. Approximately 1,800 square feet is dedicated to seating, and the FF&E includes tables, high-tops, bar stools, and lounge furniture. The existing bar infrastructure remains and includes back-bar refrigeration, an ice bin with a cold plate, a commercial dishwashing station, service sinks, and stainless work surfaces. Two restrooms and a large utility area further support efficient daily operations. The property is set up for immediate operation and is situated at the center of a commercial corridor experiencing ongoing development, strong traffic exposure, and continued demand for retail and hospitality uses. The lease is structured as NNN (Triple Net), and tenants are responsible for all common area maintenance. The property is located in Sangamon County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Truss/Slater Windows & Doors Building Materials Supplier Living Word Fellowship ... Church Socavon cocktail bar Bar

    Suggested Use

    Restaurant Law Firm Realty agency 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

    Springfield Beer Company, Socavon cocktail bar

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.730864
    Latitude
    39.757345

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    FAQs

    What type of property is this?
    Bar - Prime West Springfield location, ready for immediate operation.
    Where is this bar located?
    The property is located at 4117 Wabash Ave Springfield, IL.
    What are key features of this property?
    This property features: - Turn-key bar, gaming, or retail suite in a prime West Springfield location.; - Existing bar infrastructure included: refrigeration, ice bin, dishwashing station, service sinks, and stainless work surfaces.; - Ideal layout for lounge, bar, or hospitality concepts with minimal build-out required.
    (217) 741-4040
    Request Owner's contact information
    4117 Wabash Ave Springfield, IL 62711
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    Springfield, IL 62711
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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
    4117 Wabash Ave Springfield, IL 62711
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