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    1244 Sangamon Ave Springfield, IL 62702

    Sponsored
    For Sale
    $289,900

    Prime Springfield location, office space, sale/lease.

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 2,500 square foot commercial building, situated on a 0.17-acre lot at 1244 E Sangamon Avenue in Springfield, Illinois, presents a unique investment opportunity. Previously utilized as a chiropractic office, this versatile space is ideally suited for a variety of commercial uses. Its prime location at the highly trafficked intersection of Sangamon Avenue and Peoria Road ensures excellent visibility and accessibility. The property boasts a strong neighborhood presence, with nearby businesses including Walgreens, a gas station, a popular pizza restaurant, and a major bank. The strategic positioning directly across from the Illinois State Fairgrounds offers significant potential for increased foot traffic and visibility, particularly during the annual fair. Currently zoned B-1, this property offers flexibility for various commercial ventures. The building is available for both sale at $289,900 and lease at a monthly rate of $3,125. This presents a compelling opportunity for businesses seeking a well-located, established space in a thriving Springfield neighborhood. The property's size and location make it an attractive option for a range of commercial enterprises seeking a high-traffic location with strong visibility and established neighboring businesses. Serious inquiries are encouraged.

    Property Features for 1244 Sangamon Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,500 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Lincoln Chiropractic Clinic Chiropractor Oliver Dana DC Chiropractor Bersche Heather Massage Therapist

    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
    -89.63696
    Latitude
    39.83065

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Springfield location, office space, sale/lease.
    Where is this commercial real estate located?
    The property is located at 1244 Sangamon Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $289,900.
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    1244 Sangamon Ave Springfield, IL 62702
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    Springfield, IL 62702
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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
    1244 Sangamon Ave Springfield, IL 62702
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