1401 5Th St Springfield, IL 62703
This 7,700 square foot traditional office building in Springfield, Illinois, is situated at 1401 S 5th St, zip code 62703, and zoned R-5B. Priced at $299,900 ($38.95/sq ft), it offers a prime location with easy access to both the Interstate and downtown. The main floor features a former music studio divided into several rooms, plus two large rooms with a 10x10 overhead door ideal for loading and unloading. The second floor includes two large apartments and a private office. This versatile property benefits from high traffic counts, making it an excellent opportunity for businesses needing convenient and adaptable space. The single building presents a unique blend of commercial and residential potential, offering significant flexibility for a variety of uses. Its strategic location and adaptable layout make it a compelling investment opportunity in a thriving area.
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Hiso Music Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.