700 Grand Ave Springfield, IL 62703
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.
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Anthology Financial Partners - Ameriprise Financial Services, LLC Financial Advisor
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.
Costs & Benchmarks
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.