Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2427 Adlai Stevenson Dr Springfield, IL 62703

    For Lease
    $15 SF/Yr ($12,500 /Mo)
    Lot size:
    10,000 SF
    Added:
    Dec 11, 2024
    Days on Market:
    370

    Property Features for 2427 Adlai Stevenson Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF
    Class
    B
    Total Rate
    12500

    Building Details

    Year Built/Renovated
    1980/2015
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite C
    Size
    1,080 SF
    Rate per SF
    $15
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rent One Furniture Store Lucy’s Place Gambling House Little Caesars Pizza Pizza Restaurant Boost Mobile Cell Phone Store Help Outreach Association Or Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.620635505022
    Latitude
    39.758153988497

    Nearby Similar for Lease

    • $48 SF/Yr

      Office Space in Westchester, IL

      Office space available for lease in Westchester, Illinois.
      9625 W Roosevelt Rd, Westchester, IL 60154
      View Details
    • $61 SF/Yr

      Office Space in Westchester, IL

      Office property available for lease in Westchester, Illinois.
      9625 W Roosevelt Rd, Westchester, IL 60154
      View Details
    • $46 SF/Yr

      Updated Office Space Available

      Updated office space with utilities included in Westchester, Illinois.
      9625 W Roosevelt Rd, Westchester, IL 60154
      View Details
    • Contact for pricing
      9,913 SF

      Springfield Class A Office Space

      Class A office space available for rent in Springfield, Illinois.
      2451 W Monroe St, Springfield, IL 62704
      View Details
    • Contact for pricing
      11,316 SF

      Downtown Springfield Office Space Available

      Well-kept office space in a brick building near the Capitol.
      110 W Lawrence Ave, Springfield, IL 62704
      View Details
    • Contact for pricing
      7,007 SF

      Historic Springfield Restaurant Opportunity

      Landmark 7,000 SF building near Statehouse, suitable for restaurant/retail.
      620 S 1St St, Springfield, IL 62704
      View Details

    FAQs

    Where is this restaurant located?
    The property is located at 2427 Adlai Stevenson Dr Springfield, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    2427 Adlai Stevenson Dr Springfield, IL 62703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2427 Adlai Stevenson Dr
    Springfield, IL 62703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2427 Adlai Stevenson Dr Springfield, IL 62703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.