Technical
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Property profile

104 Grand Ave Springfield, IL 62702

OFF-MARKET
Office Spaces
Built 1953
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Property summary

AI-generated overview

This exceptional commercial property, located at 104 E North Grand Avenue in Springfield, Illinois, presents a unique investment opportunity. Listed at $69,000, this property combines land and a 1953-built office building, offering versatility and potential. The building currently features multiple offices and a reception area, providing a flexible layout adaptable to various business needs. Its previous use as a successful work/live space highlights its adaptability and potential for diverse applications. The property's prime location on E North Grand Avenue in Sangamon County (zip code 62702) boasts high traffic counts, ensuring excellent visibility and accessibility. The building's existing configuration allows for immediate occupancy, while its adaptable design permits easy conversion to a single-use space, catering to a wide range of commercial ventures. This property is an excellent choice for entrepreneurs seeking a well-situated, adaptable space, or investors looking for a strong return on investment in a thriving Illinois market. The coordinates are 39.8165483 latitude and -89.6339212 longitude. This is a rare opportunity to acquire a versatile commercial property in a high-traffic area at an attractive price point.

Property profile

Verified
Property type Office Spaces
Year built 1953

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Charitable Organization Social Service Agency

Location

104 Grand Ave Springfield, IL 62702
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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