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    526 Grand Ave Springfield, IL 62704

    Sponsored
    For Sale
    $195,000

    Prime Office Space, High Visibility, 2,348 sq ft

    Property size:
    2,348 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,348 square foot commercial property located at 526 W South Grand Avenue in Springfield, Illinois, presents a unique investment opportunity. Currently configured as a thriving massage therapy business, the building offers remarkable versatility and potential for diverse uses. The main level boasts five individual offices, a convenient break room, a dedicated conference room, and a welcoming reception area. Two full bathrooms add to the functionality and convenience. An attached, heated one-car garage provides secure parking for one vehicle, complemented by six additional private parking spaces. The high visibility from South Grand Avenue ensures excellent exposure for any business. The property also includes a substantial 2,025 square foot basement with a full bathroom, offering significant additional space for storage, expansion, or conversion. The adaptable layout makes it ideal for a variety of commercial ventures, including but not limited to, continued use as a professional office space, or conversion into a duplex. This property is priced at $195,000 and offers a compelling combination of location, size, and features. The ample parking and convenient access make this a highly desirable commercial property. Schedule a showing today to explore the possibilities.

    Property Features for 526 Grand Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,348 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Relaxing Spa Massage Spa 88 Relaxing Massage Massage Spa

    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
    -89.66252
    Latitude
    39.78667

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Office Space, High Visibility, 2,348 sq ft
    Where is this commercial real estate located?
    The property is located at 526 Grand Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $195,000.
    Request Owner's contact information
    526 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
    526 Grand Ave Springfield, IL 62704
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