1802 Grand Ave Springfield, IL 62702
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.
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.