Property profile

924 Grand Ave Springfield, IL 62703

OFF-MARKET
Neighborhood centers
4,000 SF
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Property summary

AI-generated overview

This exceptional 4,000 square foot retail space is available for lease in Springfield, Illinois. Located at 924 N Grand Avenue (9003), this Class B property boasts a highly visible corner location at the southeast intersection of N Grand Avenue and N MacArthur Boulevard. The building offers ample on-site parking with over 40 spaces, catering to both customers and employees. Currently, the entire 4,000 square feet is vacant, presenting a unique opportunity for a single tenant to establish a significant presence in a well-established Springfield business district. The property benefits from landmark recognition and excellent signage opportunities, ensuring high visibility and attracting potential customers. This prime retail space is ideal for businesses seeking a strong location with high traffic and excellent accessibility. The building's history as a well-known retail staple in the Springfield community adds to its appeal and provides an established foundation for future success. Situated in Sangamon County, this property offers a strategic location within the heart of Springfield's commercial activity. The space is suitable for various retail uses and is ready for immediate occupancy.

Property profile

Verified
Property type Neighborhood centers
Total area 4,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trade Show Venue (Bike/Boat/Book/etc) Store

Location

924 Grand Ave Springfield, IL 62703
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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