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    612 South Grand Ave Springfield, IL 62704

    Pending
    For Sale
    $150,000

    Residential Income - Springfield, IL

    Property size:
    3,807 SF
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 612 South Grand Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    22040126052
    Parking
    14
    Interior features
    High Speed Internet
    Exterior features
    Level
    Size
    3,807 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Number of units
    4
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

    RMP of Springfield,LLC dba Remax Professionals (217) 787-7215 [email protected]

    Listing agent Jim Fulgenzi (217) 787-7215 License #471021607

    Listing date Nov 17, 2025

    MLS# CA1040497 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

    Mixed-Use Property with Income Potential

    This mixed-use property, located near the intersection of South Grand and Walnut, features a combination of commercial and residential space. The main level has operated as a hair and nail studio for over 30 years, offering visibility and potential for continued commercial use or conversion to other business types. The upper levels include two apartments, and the finished basement space provides additional income potential. The property includes 14 off-street parking spaces. Architectural details are present throughout the building. Recent improvements include a roof installed less than 10 years ago, replaced sewer lines, newer windows, and a newer A/C system. The second and third-floor apartments pay their own electric and supplement the building's A/C with window units. An exterior fire stair on the east side provides access to the third floor. Current rents are as follows: Basement $500, 2nd floor $850, and 3rd floor $590, with projected potential of 1st floor $1,200, basement $650 2nd floor $1,100, and 3rd floor $800. The property size is 3807 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Off the Park Hair ... Beauty Salon U-Haul Neighborhood Dealer Truck Rental Agency Anything Buy-Sell-Trade Store Pawn Shop Amazon Counter - Anything ... Mailing 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
    -89.68337125
    Latitude
    39.777334035

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space, apartments, and income potential.
    Where is this mixed-use property located?
    The property is located at 612 South Grand Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Mixed-use property with commercial and residential spaces offering multiple revenue streams; - Established commercial space (hair/nail studio) with excellent visibility and income history; - Multiple apartments and finished basement provide additional income potential
    (217) 787-7215
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    612 South Grand Ave 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
    612 South Grand Ave Springfield, IL 62704
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