1413-1429 Cook St Springfield, IL 62703
- Retail properties
- 7,706 SF
- 0.79 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1413-1429 Cook St
- Year built
- 1988
- Lot size
- 0.79 lot acres
- Property size
- 7,706 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 7,706-square-foot retail building presents a prime investment opportunity in Springfield, Illinois. Located on a hard corner at a signalized intersection of E. Cook St and S. 15th St, this property boasts unparalleled visibility with 200 feet of frontage on Cook Street and 173 feet on 15th Street. Previously occupied by a Family Dollar, the building offers a versatile open floor plan, including a small office and restrooms. The property sits on a 0.79-acre lot with ample parking (33 spaces). Built in 1988, this single-story structure is classified as Class C and is currently vacant, providing a blank canvas for a new owner/user. The property is zoned B-1 (Highway Business District) and S-2 (Community Shopping & Office District), offering flexibility for various retail or service businesses. This location benefits from multiple incentive areas, potentially qualifying for sales tax exemptions on building materials and property tax abatements, significantly reducing renovation costs. The asking price is $195,000, significantly below the estimated fair market value of $407,625, representing a compelling investment opportunity. The property includes prominent signage opportunities, including pylon signage, maximizing visibility. The APN is 14-34.0-286-014, -015, -016, -017, & -018.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6355
- Latitude
- 39.7947
