Springfield Office Opportunity For
For Sale
$375,000
431 W South Grand Avenue, Springfield, IL 62704
Split-level office building in central Springfield with recent renovations.
Property Size5,400 SF
Price / SF$69.44
Days on Market150
Property Features for 431 W South Grand Avenue
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
25
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,087
Building Details
Year Built
1966
Listing Agency:
Todd P Smith Real Estate
(217) 553-5439
Listed By:
Todd Smith (todd@tpsmithre.com) · License #471004523
Source:
Curveyrealestate
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 23 at 3:12AM
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 Todd P Smith Real Estate
Investment Insights
Based on property information with market context.
This split-level office building offers approximately 5,400 square feet of space in Springfield, Illinois, conveniently located near downtown along South Grand Avenue West. The property features a newly renovated upper level, suitable for professional use, and a functional lower level that has not yet been renovated. Recent improvements include a full roof replacement in 2023, an upper-level remodel in 2019, window and HVAC replacement in 2019, and the addition of an ADA-compliant lift in 2019. The property provides approximately 25 on-site parking spaces and offers prominent exposure in a central location. The building has a total property size of 5,398 square feet.
Key Highlights
- Prime location on South Grand Ave, minutes from downtown Springfield, offering exceptional visibility.
- Newly renovated upper level (2019) provides a modern, move‑in‑ready environment for professional use.
- Recent full roof replacement (2023), window and HVAC replacement (2019).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Split-level office building in central Springfield with recent renovations.
Where is this office building located?
The property is located at 431 W South Grand Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location on South Grand Ave, minutes from downtown Springfield, offering exceptional visibility.; Newly renovated upper level (2019) provides a modern, move‑in‑ready environment for professional use.; Recent full roof replacement (2023), window and HVAC replacement (2019).
