Corner Retail-Office
For Sale
$120,000
1200 N 5th Street, Springfield, IL 62702
Freestanding corner building with flexible office/retail layout and multiple ingress/egress at a signalized intersection.
Property Size3,372 SF
Price / SF$35.59
Days on Market54
Property Features for 1200 N 5th Street
General Information
Standard status
Active
Size
3,372 SF
Total Parking Spaces
12
Property subtype
Commercial
Zoning
S-3
Lease Term
Month To Month
Additional Details
Traffic Count
13,500 vehicles/day
Taxes and HOA fees
Annual Taxes
$3,297
Building Details
Building Size
3,372 SF
Year Built
1950
Buildings
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Dev
(217) 725-9518
Listed By:
Blake Pryor · License #475159138
(217) 725-9518
Source:
Craggsrealtors
Added: Jul 1
Changed: Aug 23
Last Checked: Aug 22 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Dev
Investment Insights
Based on property information with market context.
This freestanding office/retail building sits on a corner lot and is positioned at a signalized intersection. The interior offers a flexible configuration with open areas on each end, several smaller rooms, and a kitchenette near the center.
The property is located in the Mid-Illinois Medical District with multiple nearby healthcare and training-related projects, including Advanced Medical Transport/Medics First’s new headquarters and clinical training facility in partnership with Memorial Health and Illinois State University’s Mennonite College of Nursing, as well as newer DaVita Kidney Care and KED Plasma facilities. The site also falls within the Enos Park TIF District and an Enterprise Zone.
A small clothing store currently occupies the building on a month-to-month basis. The overall layout is suited to a small office, retail user, service business, or other commercial use depending on the next owner’s needs. The information regarding potential incentives and eligibility should be confirmed with the City of Springfield’s Office of Planning and Economic Development.
The property is located in the Mid-Illinois Medical District with multiple nearby healthcare and training-related projects, including Advanced Medical Transport/Medics First’s new headquarters and clinical training facility in partnership with Memorial Health and Illinois State University’s Mennonite College of Nursing, as well as newer DaVita Kidney Care and KED Plasma facilities. The site also falls within the Enos Park TIF District and an Enterprise Zone.
A small clothing store currently occupies the building on a month-to-month basis. The overall layout is suited to a small office, retail user, service business, or other commercial use depending on the next owner’s needs. The information regarding potential incentives and eligibility should be confirmed with the City of Springfield’s Office of Planning and Economic Development.
Key Highlights
- Freestanding office/retail building on a corner lot at the signalized intersection of 5th St and E. North Grand Ave
- Approximately 13,500 AADT along E. North Grand Ave
- Flexible interior layout with open areas on each end, several smaller rooms, and a kitchenette
Property Analytics
Property Profile
Current Use
Lease Details
13,500 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62702, IL
33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding corner building with flexible office/retail layout and multiple ingress/egress at a signalized intersection.
Where is this storefront property located?
The property is located at 1200 N 5th Street Springfield, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Freestanding office/retail building on a corner lot at the signalized intersection of 5th St and E. North Grand Ave; Approximately 13,500 AADT along E. North Grand Ave; Flexible interior layout with open areas on each end, several smaller rooms, and a kitchenette
