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Property profile & analytics
OFF-MARKET
Commercial real estate

700 Grand Ave Springfield, IL 62703

1,372 SF 0.1 ac lot Built 1924
Property ID
Property summary
AI-generated overview

This exceptional 1,372 square foot commercial building presents a prime opportunity for businesses seeking a strategic Springfield location. Situated on a 0.1-acre lot at 700 W South Grand Avenue, this two-story property boasts excellent visibility and accessibility. The building features well-appointed office spaces on both the first and second floors, providing ample room for various business configurations. A convenient kitchen/break room is included, enhancing employee comfort and convenience. A full basement offers additional storage or expansion potential. Three dedicated parking spaces are provided, addressing the parking needs of employees and clients. The property includes an ADA-compliant ramp, ensuring accessibility for all. The building's zoning is ideal for office use, making it a perfect fit for a wide range of businesses. Its location on South Grand Avenue offers high visibility, ensuring maximum exposure to potential customers. The proximity to Washington Park provides a pleasant amenity for employees seeking a nearby green space during breaks. This property is priced to sell at $105,000 and represents a compelling investment opportunity in a thriving Springfield commercial district.

Property profile
Verified
Property type Commercial real estate
Year built 1924
Total area 1,372 SF
Lot 0.1 ac (4,356 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
  • Anthology Financial Partners - Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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