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    700 Grand Ave Springfield, IL 62703

    For Sale
    $105,000

    Versatile Office Space, High Visibility, Great Location

    Property size:
    1,372 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1,372 square foot commercial building presents a prime opportunity for businesses seeking a strategic Springfield location. Situated on a 0.1-acre lot at 700 W South Grand Avenue, this two-story property boasts excellent visibility and accessibility. The building features well-appointed office spaces on both the first and second floors, providing ample room for various business configurations. A convenient kitchen/break room is included, enhancing employee comfort and convenience. A full basement offers additional storage or expansion potential. Three dedicated parking spaces are provided, addressing the parking needs of employees and clients. The property includes an ADA-compliant ramp, ensuring accessibility for all. The building's zoning is ideal for office use, making it a perfect fit for a wide range of businesses. Its location on South Grand Avenue offers high visibility, ensuring maximum exposure to potential customers. The proximity to Washington Park provides a pleasant amenity for employees seeking a nearby green space during breaks. This property is priced to sell at $105,000 and represents a compelling investment opportunity in a thriving Springfield commercial district.

    Property Features for 700 Grand Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,372 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1924
    Property Profile Location Intelligence

    Current Use by Public Records

    Anthology Financial Partners ... Financial Planner

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -89.66446
    Latitude
    39.78675

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Office Space, High Visibility, Great Location
    Where is this commercial real estate located?
    The property is located at 700 Grand Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $105,000.
    Request Owner's contact information
    700 Grand Ave Springfield, IL 62703
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    Springfield, IL 62703
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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
    700 Grand Ave Springfield, IL 62703
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