Corner Lot with Liquor License

700 W JEFFERSON Street Springfield, IL 62702

For Sale

$199,900

LAND - Springfield, IL

Lot size:

0.59 Acres

For Sale

$199,900

LAND - Springfield, IL

Lot size:

0.59 Acres

Added:: Mar 19, 2025
Days on Market:: 480
Last Refresh:: Jul 11 at 2:06 pm

Property Features for 700 W JEFFERSON Street

General Information

Property type: Land
Property subtype: Other
Zoning: Commercial
Standard status: Active
APN: 14-28.0-382-031
Lot size: 0.59 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: LOT 1 REECES ADDN EX STRIP ON NORTH SIDE FOR ROAD
Tax Annual Amount: 17627

Utilities

Utilities: Natural Gas Available
Water source: Public

Listing agent Melissa Grady License #475114067

Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL

Listing date Mar 19, 2025

MLS# CA1035172 Listing URL

Investment Insights

Based on property information with market context.

This commercial lot, located at the corner of West Jefferson and Walnut Streets, experiences traffic of over 23,000 cars per day. The 0.59-acre (25,666 square feet) lot is zoned B1 and includes a liquor license that is permanently attached to the parcel. The site formerly hosted restaurants, making it a potential location for a new restaurant, video gaming establishment, package liquor store, or coffee shop. Utilities including electric, water, and gas are available on site. The property features two entrances on Walnut Street and West Jefferson Street, providing convenient access.

Key Highlights

High traffic location: Over 23,000 cars per day.
B1 Zoning with transferable liquor license.
Utilities on site: Electric, water, and gas.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Sgt. Peppers Cafe Restaurant

Suggested Use

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Chef Brandis Catering — 343 N Glenwood Ave, Springfield, IL 62702

For sale
Restaurants
IL
Springfield
62702
700 W JEFFERSON Street

What type of property is this?

Restaurant - Commercial lot suitable for restaurant, gaming, liquor, or coffee shop.

Where is this restaurant located?

The property is located at 700 W JEFFERSON Street Springfield, IL.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: High traffic location: Over 23,000 cars per day.; B1 Zoning with transferable liquor license.; Utilities on site: Electric, water, and gas.

700 W JEFFERSON Street Springfield, IL 62702

LAND - Springfield, IL

Property Features for 700 W JEFFERSON Street

General Information

Taxes and HOA fees

Utilities

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Versatile Commercial Property, Springfield, IL

Springfield Strip Mall For Sale

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Class A Office Building with Elevator Access

Flex Warehouse with Overhead Door

Multi-Unit Office and Retail Building

Downtown Springfield Commercial Building For Sale

Similar Off Market Nearby

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