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    700 N Grand Ave E Springfield, IL 62702

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    For Sale
    $265,000

    Commercial property on a corner lot in Springfield, Illinois.

    Property size:
    3,074 SF
    Lot size:
    0.30 Acres

    Property Features for 700 N Grand Ave E

    General Information

    Size
    3,074 SF
    Lot size
    0.30 Acres

    Source: Mid-America Real Estate Group | Chicago Agent Kevin Reinke

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

    Overview

    Former Valvoline on Corner Lot

    This commercial property, formerly a quick lube facility, is situated on a corner lot of approximately 0.3 acres at the intersection of North Grand Avenue and 7th Street in Springfield, Illinois. The building encompasses 3,050 square feet. Zoned I-1 by the City of Springfield, the site benefits from high visibility on North Grand Avenue, a minor arterial thoroughfare, with an average daily traffic count of 11,400 vehicles. The property features a pole sign, overhead doors, and access from streets and an adjacent alley. The lot is paved with concrete and asphalt. The location is within a TIF District, Enterprise Zone, Opportunity Zone, and the Mid-Illinois Medical District. The property is available now.
    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.

    Similar Places Nearby

    Vern's Auto Repair, J&M Automotive and Diesel Repair, Ant Tint, Mic’s Brake Repairs And Details, Tuxhorn Towing Inc

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.645355
    Latitude
    39.816228

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    FAQs

    What type of property is this?
    Auto shop - Commercial property on a corner lot in Springfield, Illinois.
    Where is this auto shop located?
    The property is located at 700 N Grand Ave E Springfield, IL.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - High-visibility corner lot location on North Grand Avenue with 11,400 average daily car count.; - Zoned I-1, suitable for a variety of commercial uses.; - Located within a TIF District, Enterprise Zone, Opportunity Zone, and the Mid-Illinois Medical District.
    (630) 954-7327
    Request Owner's contact information
    700 N Grand Ave E 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
    700 N Grand Ave E Springfield, IL 62702
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