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Renovated Retail Space with Open Layout

720 W South Grand Avenue, Springfield, IL 62704

For Lease
$16.50 SF/Yr

Updated building offers flexible rooms for retail, office, showroom, and professional-service operations.

Space SizeContact for details
Days on Market94

Property Features for 720 W South Grand Avenue

General Information

Standard status Active
Total Parking Spaces 11
Property subtype Commercial
Lease Type NNN

Lease Terms

Lease Rate $16.50 /USD/SF/YR
Rent per SF/Year $16.50

Additional Details

Condition Turnkey
Road Access Yes

Taxes and HOA fees

Annual Taxes $2,023

Amenities

new exterior façade
re-striped parking lot
new flooring
freshly painted walls
modern Pella windows & door
LED panel lighting
new HVAC system
rest room
Listing Agency: Todd P Smith Real Estate
Listed By: Todd Smith · License IL #471004523
Source: Curveyrealestate
Added: Aug 9 Changed: Nov 7 Last Checked: Nov 10 at 8:18AM

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

Rey
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Investment Insights

Based on property information with market context.

This renovated retail space combines a large central room with two additional rooms featuring cabinetry and sinks, plus smaller areas for storage or closets. The interior has new flooring, finished walls, LED panel lighting, modern Pella windows and doors, a new HVAC system with ductwork, and a restroom. A new exterior façade and re-striped parking lot further update the property.

The layout is suited to retail, office, medical, showroom, or professional-service use. The property is located on South Grand with access toward MacArthur Boulevard to the west and 5th and 6th streets to the east.

Key Highlights

  • Newly renovated retail/office building with modern finishes
  • Large open main room plus 2 rooms with cabinetry and sinks
  • New HVAC system and ductwork with LED panel lighting

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Heartland Credit Union Credit Union

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Auto Parts Store Locksmith Bakery HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,681
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Retail space in Springfield

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Updated building offers flexible rooms for retail, office, showroom, and professional-service operations.
Where is this retail space located?
The property is located at 720 W South Grand Avenue Springfield, IL.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Newly renovated retail/office building with modern finishes; Large open main room plus 2 rooms with cabinetry and sinks; New HVAC system and ductwork with LED panel lighting
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