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Property profile & analytics
OFF-MARKET
Neighborhood centers

1802 Grand Ave Springfield, IL 62702

3,985 SF
Property ID
Property summary
AI-generated overview

This exceptional 3,985-square-foot retail space is located at 1802 N. Grand Ave E. in Springfield, Illinois, within Sangamon County (zip code 62702). The property is a single-tenant strip center situated on a 13,120-square-foot lot and offers ample parking with 40 spaces. Currently, the entire 3,985 square feet is vacant, presenting a unique opportunity for a business seeking high visibility and substantial foot traffic. The building boasts a modern architectural design and is well-maintained, creating an inviting atmosphere for customers. The interior layout is flexible, allowing for customization to suit various business needs. Large windows provide abundant natural light, enhancing the overall appeal of the space. This property is ideally suited for a diverse range of retail businesses seeking to establish or expand their presence in the thriving Springfield community. The location offers excellent accessibility and visibility, ensuring maximum exposure to potential customers. The property's features, combined with its prime location, make it an attractive investment opportunity for discerning businesses.

Property profile
Verified
Property type Neighborhood centers
Total area 3,985 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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