104 Grand Ave Springfield, IL 62702
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.
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lifetime Medical Clinic
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Crossroads Transitional Living Program Charitable Organization Social Service Agency
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.