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    2015 N Grand Ave E Springfield, IL 62703

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    For Sale
    $2,700,000

    Two Dollar General stores in Illinois and Michigan for sale.

    Property size:
    21,843 SF
    Lot size:
    1.60 Acres

    Property Features for 2015 N Grand Ave E

    General Information

    Size
    21,843 SF
    Lot size
    1.60 Acres

    Source: Exclusive Realty Agent Angelo Iacobelli

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

    Overview

    Dollar General Store Investment Opportunity

    Available for sale are two Dollar General stores, one spanning 13,709 square feet in Springfield, Illinois, and another encompassing 8,134 square feet in Flint, Michigan, totaling 21,843 square feet. These properties are subject to NN Leases, which assign minimal responsibilities to the landlord. The leases are corporately guaranteed by Dollar General Corp. This offering presents an opportunity for a 1031 Exchange buyer. The investment offers potential for continued success, supported by the financial strength and profitability of the tenant.
    Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -89.627365
    Latitude
    39.787445

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    FAQs

    What type of property is this?
    Grocery and convenience store - Two Dollar General stores in Illinois and Michigan for sale.
    Where is this grocery and convenience store located?
    The property is located at 2015 N Grand Ave E Springfield, IL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Corporately guaranteed NN Leases by Dollar General Corp.; - Located in Springfield, Illinois (13,709 SF) and Flint, Michigan (8,134 SF).; - Minimal Landlord responsibility.
    (248) 219-8080
    Request Owner's contact information
    2015 N Grand Ave E 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
    2015 N Grand Ave E Springfield, IL 62703
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