Freestanding Building on Wabash
1700 Wabash Ave, Springfield, IL 62704
4,685 SF building on 0.70 acres with drive-thru.
Type:Retail
Property size:
4,685 SFLot size:
0.70 AcresPrice / SF:
$234/SF- Added:
- Feb 24, 2026
- Days on Market:
- 78
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1700 Wabash Ave
General Information
- Standard status
- Active
- Size
- 4,685 SF
- Lot size
- 0.70 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1984
Listing agent Steven Weinstock License #IL 471011175
Listing office Marcus & Millichap - Chicago Oak Brook
Listing date Feb 24, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Oak Brook
HighLights
- Excellent opportunity for owner‑user or investor to reposition or lease.
- Located on Wabash Avenue near Chatham Road, a high‑traffic retail corridor with over 25,000 vehicles daily.
- Freestanding ±4,685‑square‑foot building on a ±0.70‑acre parcel with existing drive‑thru infrastructure.
- Surrounded by major national retailers and strong local businesses.
- Springfield's growing economy with ongoing development projects.
- Features monument signage and ample on‑site parking.
Overview
The property is a freestanding building with approximately 4,685 square feet of space, situated on a parcel of approximately 0.70 acres. Formerly a Hardee’s restaurant, the property includes existing drive-thru infrastructure, monument signage, and ample on-site parking. The location is along Wabash Avenue, near the intersection of Chatham Road, in one of Springfield’s busiest retail corridors, which experiences daily traffic counts exceeding 25,000 vehicles. The surrounding area includes major national retailers such as Walmart Supercenter, Target, Lowe’s, ALDI, Panera Bread, Chick-fil-A, and Starbucks, along with local businesses and service-based tenants. The property is located in Springfield, the capital of Illinois, which serves as a regional hub for government, healthcare, and education. Recent and ongoing development includes the $65 million Scheels Sports Park, the new Amazon fulfillment center opening in 2025, and the Downtown & Medical District Master Plan. This property offers an opportunity for an owner-user or investor to reposition or lease to a new operator.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Smotherman LLC
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.686602
- Latitude
- 39.764065
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - 4,685 SF building on 0.70 acres with drive-thru.
Where is this drive through restaurant located?
The property is located at 1700 Wabash Ave Springfield, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent opportunity for owner‑user or investor to reposition or lease.; Located on Wabash Avenue near Chatham Road, a high‑traffic retail corridor with over 25,000 vehicles daily.; Freestanding ±4,685‑square‑foot building on a ±0.70‑acre parcel with existing drive‑thru infrastructure.
