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Property profile & analytics
OFF-MARKET
Warehouses

1030 Grand Ave Springfield, IL 62704

Property ID
Property summary
AI-generated overview

This exceptional Springfield, IL commercial property, located at 1030 W North Grand Avenue, 62704, presents a rare investment opportunity. Priced at $799,000, this expansive property boasts over 22,000 square feet of combined warehouse and office space, ideal for a variety of businesses. A significant feature is its convenient drive-through design, allowing for efficient material handling. The property includes two loading docks and one drive-in door, ensuring seamless logistics. Ceiling heights vary, with approximately 20 feet in most areas and a 16-foot section. The building's functionality is further enhanced by a substantial heating and air conditioning system, a large cooler area perfectly suited for temperature-sensitive goods, and ample office space. Its previous use as a liquor distribution center speaks to its suitability for similar operations or adaptable businesses. A generous parking lot provides convenient access, and an additional 40 x 80 foot steel building is currently leased, generating potential rental income. This property is priced to sell and offers a unique blend of warehouse and office space in a prime Springfield location. A detailed floor plan will be available shortly.

Property profile
Verified
Property type Warehouses
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
  • Egizii Distributing Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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