700 Grand Ave Springfield, IL 62704
- Office Properties & Spaces
- 1,372 SF
- 0.10 lot acres
Current Use by Public Records
- Anthology Financial Partners - Ameriprise Financial Services, LLC / Financial Planner / Investment Service
Property Details for 700 Grand Ave
- Year built
- 1924
- Lot size
- 0.10 lot acres
- Property size
- 1,372 SF
- Property type
- Office Properties & Spaces
Description
This exceptional commercial property, located at 700 South Grand Avenue in Springfield, Illinois, presents a unique investment opportunity. The two-story, 1,372 square foot building, constructed in 1924, is ideally situated on a 0.1-acre corner lot and benefits from high visibility on South Grand Avenue. The property's zoning is R-5(b), perfectly suited for office use. The building features offices on both the first and second floors, providing ample space for various business needs. A convenient kitchen/break room is included, along with a basement offering additional storage or potential for expansion. Accessibility is ensured by an ADA-compliant ramp. Three dedicated parking spaces are available on the property, adding to its convenience. The building's prime location offers excellent exposure and proximity to Washington Park. The asking price for this well-maintained property is $105,000. This is a rare chance to acquire a historic building in a thriving Springfield location. The property is a single building on a corner lot, offering significant potential for a variety of commercial uses. The modified lease type provides flexibility for potential tenants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6645
- Latitude
- 39.7868
