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    1802 Grand Ave Springfield, IL 62702

    Sponsored
    For Lease
    Contact for pricing

    Prime Springfield retail space, 3,985 sq ft.

    Lot size:
    3,985 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,985-square-foot retail space is located at 1802 N. Grand Ave E. in Springfield, Illinois, within Sangamon County (zip code 62702). The property is a single-tenant strip center situated on a 13,120-square-foot lot and offers ample parking with 40 spaces. Currently, the entire 3,985 square feet is vacant, presenting a unique opportunity for a business seeking high visibility and substantial foot traffic. The building boasts a modern architectural design and is well-maintained, creating an inviting atmosphere for customers. The interior layout is flexible, allowing for customization to suit various business needs. Large windows provide abundant natural light, enhancing the overall appeal of the space. This property is ideally suited for a diverse range of retail businesses seeking to establish or expand their presence in the thriving Springfield community. The location offers excellent accessibility and visibility, ensuring maximum exposure to potential customers. The property's features, combined with its prime location, make it an attractive investment opportunity for discerning businesses.

    Property Features for 1802 Grand Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,985 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,985 SF

    HighLights

    • 3,985 SF retail space available at 1802 N. Grand Ave E, Springfield, IL 62702.
    • Ample parking with 40 spaces.
    • Flexible interior layout allows for customization.
    • High‑visibility location in a thriving Springfield community, ideal for various retail businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6295414
    Latitude
    39.8160387

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Springfield retail space, 3,985 sq ft.
    Where is this neighborhood center located?
    The property is located at 1802 Grand Ave Springfield, IL.
    What are key features of this property?
    This property features: 3,985 SF retail space available at 1802 N. Grand Ave E, Springfield, IL 62702.; Ample parking with 40 spaces.; Flexible interior layout allows for customization.
    Request Owner's contact information
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    Springfield, IL 62702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1802 Grand Ave Springfield, IL 62702
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