Current Use by Public Records
- Specialty properties
Property Details for 251 4Th St
- Year built
- 2016
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional commercial property, located at 251 N 4th Street in Springfield, Illinois, presents a unique investment opportunity. The property consists of two buildings totaling 55,640 square feet, offering multiple suites within a vibrant mixed-use development. Currently, 1,560 square feet of space is immediately available, with additional space potentially available up to 2,750 square feet. Built in 2016, this Class D property features one-story buildings and is situated in a high-traffic area between the central business district and the Mid-Illinois Medical District. The S-3 zoning allows for a wide range of uses, including restaurant, retail, and office spaces, providing significant flexibility for potential tenants. The property's strategic location within a new development encompassing over 75 residential apartments ensures a consistent flow of potential customers and employees. This is an ideal opportunity to establish a presence in a rapidly developing area of Springfield, Illinois, benefiting from the synergy of a thriving residential community and a dynamic commercial environment. The property is conveniently located near Madison Street. This is a rare chance to secure a foothold in a burgeoning downtown area.
Value Estimations
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AI approach
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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
- -89.6506
- Latitude
- 39.8038
