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    1720 Sangamon Ave Springfield, IL 62702

    Sponsored
    For Lease
    $13 SF/Yr

    Versatile Space, High Traffic Area

    Lot size:
    3,122 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located on Sangamon Avenue, offers 3,122 square feet of flexible space ideal for a variety of business uses. The property features a single-tenant building with one suite of 1519 sq ft and another of 1603 sq ft, totaling 3122 sq ft. Its B-1 zoning allows for diverse applications, including retail, office, warehouse, or medical office space. The convenient location boasts high visibility due to its position on a busy road with numerous surrounding businesses and easy highway access. Ample parking is provided with 20 spaces available on-site. The property is identified by APN 14-23.0-104-033. This single-building property presents a unique opportunity for businesses seeking a well-situated and adaptable space to thrive. The property's versatility, combined with its prime location and ample parking, makes it an attractive option for a wide range of commercial enterprises. The building's layout is designed to accommodate various business needs, offering a functional and efficient workspace. Don't miss this chance to secure a prominent location for your business.

    Property Features for 1720 Sangamon Ave

    General Information

    Property type
    Government properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,122 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    3,122 SF
    Rate per SF
    $13

    HighLights

    • Land, Industrial, Office, and Retail property with single tenancy.
    • 3,122 square foot building on a B‑1 zoned lot.
    • 20 parking spaces available.
    • APN: 14‑23.0‑104‑033.
    • Convenient location near highway access and other businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cookies Vape Shop Vaporizer Store Boost Mobile Telecommunications Service Provider Hong Juice Shop Juice Shop

    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
    -89.6311691
    Latitude
    39.8306382

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    FAQs

    What type of property is this?
    Government property - Versatile Space, High Traffic Area
    Where is this government property located?
    The property is located at 1720 Sangamon Ave Springfield, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Land, Industrial, Office, and Retail property with single tenancy.; 3,122 square foot building on a B-1 zoned lot.; 20 parking spaces available.
    Request Owner's contact information
    1720 Sangamon Ave Springfield, IL 62702
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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
    1720 Sangamon Ave Springfield, IL 62702
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