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    1200 N 8Th St Springfield, IL 62702

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    For Lease
    $550,000

    Large 15,376 SF commercial property with parking and yard.

    Property size:
    15,376 SF
    Lot size:
    0.42 Acres

    Property Features for 1200 N 8Th St

    General Information

    Size
    15,376 SF
    Lot size
    0.42 Acres

    Source: Todd P Smith Commercial Real Estate Agent Todd P. Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Commercial Property in Springfield

    Located near the intersection of 9th St and North Grand Ave in Springfield, IL, this commercial property offers a total area of approximately 15,376 square feet. The building features multiple points of ingress and egress, a large parking lot, and a small fenced outdoor yard area. The location benefits from street frontage and signage opportunities, suitable for showcasing products and attracting customers. This property provides ample space for business growth and expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    -89.644534
    Latitude
    39.817134

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    FAQs

    What type of property is this?
    Storefront property - Large 15,376 SF commercial property with parking and yard.
    Where is this storefront property located?
    The property is located at 1200 N 8Th St Springfield, IL.
    What are key features of this property?
    This property features: - Large building with +/-15,376 square feet, offering ample space for business growth.; - Prime commercial location near the intersection of 9th St & North Grand Ave in a thriving area.; - Multiple points of ingress/egress for convenient access.
    (217) 441-8000
    Request Owner's contact information
    1200 N 8Th St 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
    1200 N 8Th St Springfield, IL 62702
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