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520 S Grand Ave Springfield, IL 62703

Sponsored
For Sale
$725,000

COMMERCIAL - Springfield, IL

Days on Market:
3
Last Refresh:
Jan 7 at 3:06 am

Property Features for 520 S Grand Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
Commercial
APN
22-03.0-101-009

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Wall/Window Unit(s), Multi Units, Window Unit(s)

Building Details

Floors in Building
3
Number of units
12
Flooring type
Tile, Carpet
Building materials
Brick, Frame

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

Listing agent Debra Sarsany

Listing date Jan 5, 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

Furnished Historic Apartment Building

This well-maintained 3-story historic brick apartment building presents an investment opportunity. The property features 12 fully furnished 1-bedroom units, each move-in ready with a complete furniture package including living room and bedroom sets, kitchen essentials, and flat-screen TVs. This makes the property suitable for both long-term tenants and short-term rental opportunities. A reliable boiler system provides consistent heat throughout the building, while each unit is equipped with a window A/C for year-round comfort. Newer windows and a roof replacement completed around 2016 contribute to long-term durability and energy efficiency. Several apartments received recent upgrades in 2025, including new furnishings, refreshed bathroom vanities, modern cabinetry, updated appliances, and refinished tub/showers. The property is located in Springfield, IL.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Springfield Sunsent Solar ... Solar Energy System Service

Suggested Use

Realty agency Restaurant Law Firm 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
-89.644507
Latitude
39.786623

FAQs

What type of property is this?
Apartment building - Turnkey investment opportunity with 12 furnished units in Springfield.
Where is this apartment building located?
The property is located at 520 S Grand Ave Springfield, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: - Listed under appraised value, presenting an immediate investment advantage.; - Turnkey investment with 12 fully furnished 1-bedroom units, ready for immediate rental income.; - Recent upgrades in select units (2025) including new furnishings, modern cabinetry, updated appliances, and refreshed bathrooms.
More about this property
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