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    2908 Ridge Ave Springfield, IL 62702

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    For Sale
    $135,000

    4,236 SF building with showroom, shop, and storage.

    Property size:
    4,236 SF
    Lot size:
    0.31 Acres

    Property Features for 2908 Ridge Ave

    General Information

    Size
    4,236 SF
    Lot size
    0.31 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Blake Pryor

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

    Overview

    Adaptable Retail Building For Sale

    This 4,236 SF masonry and block building, constructed between 1970 and 1985, features an adaptable layout suitable for various business uses. The front of the building includes a reception or customer service area that opens into a large, climate-controlled showroom, ideal for retail or display space. Behind the showroom, a middle section can function as a workroom, production area, or storage space and provides access to a restroom. The rear of the building features a spacious shop area equipped with suspended heaters and a 7’t x 8’w overhead garage door. The property also includes partial fencing, a carport, and two detached storage sheds.
    Insight Report Location Intelligence

    Current Use by Public Records

    Go Karts Unlimited Corporate Office

    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.

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.605591
    Latitude
    39.818585

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    FAQs

    What type of property is this?
    Showroom - 4,236 SF building with showroom, shop, and storage.
    Where is this showroom located?
    The property is located at 2908 Ridge Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Priced below market value at $251,856.; - Large, climate-controlled showroom **ideal for retail or display**.; - Adaptable 4,236 SF layout for various business uses.
    (217) 725-9518
    Request Owner's contact information
    2908 Ridge 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
    2908 Ridge Ave Springfield, IL 62702
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