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    1030 Grand Ave Springfield, IL 62704

    Sponsored
    For Sale
    $799,000

    Large Warehouse w/ Office Space & Drive-Thru

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Springfield, IL commercial property, located at 1030 W North Grand Avenue, 62704, presents a rare investment opportunity. Priced at $799,000, this expansive property boasts over 22,000 square feet of combined warehouse and office space, ideal for a variety of businesses. A significant feature is its convenient drive-through design, allowing for efficient material handling. The property includes two loading docks and one drive-in door, ensuring seamless logistics. Ceiling heights vary, with approximately 20 feet in most areas and a 16-foot section. The building's functionality is further enhanced by a substantial heating and air conditioning system, a large cooler area perfectly suited for temperature-sensitive goods, and ample office space. Its previous use as a liquor distribution center speaks to its suitability for similar operations or adaptable businesses. A generous parking lot provides convenient access, and an additional 40 x 80 foot steel building is currently leased, generating potential rental income. This property is priced to sell and offers a unique blend of warehouse and office space in a prime Springfield location. A detailed floor plan will be available shortly.

    Property Features for 1030 Grand Ave

    General Information

    Property type
    Distribution properties

    HighLights

    • $799,000 asking price.
    • 22,000+ square foot building with warehouse and office space in Springfield, IL.
    • Features drive‑through access, two loading docks, and one drive‑in door.
    • Ceiling heights of 20 feet and 16 feet in separate areas.
    • Includes HVAC, large cooler, and office space; previously a liquor distribution center.
    • Large parking lot and a separate 40' x 80' leased steel building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Egizii Distributing Distribution Service

    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
    -89.6600794
    Latitude
    39.7674204

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    FAQs

    What type of property is this?
    Distribution property - Large Warehouse w/ Office Space & Drive-Thru
    Where is this distribution property located?
    The property is located at 1030 Grand Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price.; 22,000+ square foot building with warehouse and office space in Springfield, IL.; Features drive-through access, two loading docks, and one drive-in door.
    Request Owner's contact information
    1030 Grand Ave Springfield, IL 62704
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    Springfield, IL 62704
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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
    1030 Grand Ave Springfield, IL 62704
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