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    OFF-MARKET
    Neighborhood centers

    924 Grand Ave, Springfield, IL 62703

    4,000 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • IHR & Associates Inc Trade Show Venue (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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