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Property profile & analytics
FOR SALE
Commercial real estate

300 North Grand Ave Springfield, IL 62702

0.52 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US28-3092019
Property summary
AI-generated overview

This exceptional 4,660 square foot office space is ideally situated within the Land of Lincoln Credit Union building at 300 W South Grand Avenue. The single-tenant occupancy offers complete privacy and control. The main level boasts a spacious, open central area, complemented by 8-10 private offices, a dedicated conference room, and a convenient break area. The lower level provides additional versatility with several private offices, a functional work room, a secure server room, and another large open area, perfect for various operational needs. Ample off-street parking is available to the south of the building, ensuring convenient access for employees and clients. This property benefits from its location on South Grand Avenue, a highly trafficked east/west corridor, providing easy access to all areas of the city. The zoning designation is S-2. The property's APN is 22040202039. This is a rare opportunity to secure a well-appointed, spacious office suite in a prime location. The building consists of only one suite, offering a unique and private work environment. This property is zoned for commercial use and presents a compelling opportunity for businesses seeking a functional and accessible office space.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.52 ac (22,825 SF)
APN 22-04.0-202-039
UPID US28-3092019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Land of Lincoln Credit Union Credit Union
  • BPA Troxell Insurance Agency
  • Fortre Wentz LLC Marketing & Advertising
  • Ray's Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Donald E Shimkus JR · 4 yrs held
Donald E Shimkus JR
since 2022
3 recorded transactions
2022
$185,000
2017
$190,000
2015
$1.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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