402 Dawson Street, Springfield, IL 62702
COMMERCIAL - Springfield, IL
- Added:
- Feb 19, 2026
- Days on Market:
- 134
- Last Refresh:
- Jul 3 at 11:06 pm
Property Features for 402 Dawson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-2
- Standard status
- Active
- APN
- 14-29.0-403-034
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 33 & 34 & THE VAC ALLEY LYING BETWEEN LOTS 29-34 OF HENRY SELINGERS EST SUB
- Tax Annual Amount
- 2917
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Aluminum Siding, Frame
- Roof type
- Metal
Listing agent Joshua Kruse License #475144896 (217) 816-9405
Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL (217) 787-7000
Listing date Feb 19, 2026
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Durable full steel shell construction (walls and roof).
- Ample parking on both North and South sides of the property.
- Convenient kitchenette with full‑sized refrigerator, sink, and dishwasher.
- Male and Female restrooms already in place.
- Flexible space with a removable partition wall.
- Located in a minimally traveled cul‑de‑sac, near West Jefferson.
Overview
The property is located at the end of a minimally traveled cul-de-sac street, just off West Jefferson. Ample parking is available on both the north and south ends of the parcel, supporting customer and employee access.
With its steel-shell durability, restroom facilities, kitchenette, and flexible interior configuration, the building can work well for a range of tenant or owner-operator uses that benefit from an adaptable layout and on-site parking. The two-space arrangement may suit businesses that need separate front and back areas, while the option to reconfigure the interior provides additional flexibility for future programming.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $16.80 |
| − Vacancy | −$2.4k | −$1.43 |
| EGI | $26.1k | $15.37 |
| − OpEx | −$9.1k | −$5.38 |
| NOI | $17.0k | $9.99 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Smucks Smokin Kitchen❤️ — 1101 N Amos Ave, Springfield, IL 62702
- Robert's Seafood Market — 1615 W Jefferson St, Springfield, IL 62702
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.679344
- Latitude
- 39.806295
