507 4Th St Springfield, IL 62702

Property Details for 507 4Th St

Lot size

0.32 lot acres

Property type

Commercial real estate

APN

14-27.0-308-040

APU

14270308040

Description

This exceptional Springfield, IL commercial property presents a unique redevelopment opportunity. Located at 507 N 4th Street, near the intersection of 4th & Carpenter, this 0.3-acre lot encompasses two distinct buildings totaling 8,500 square feet. The property features a charming street-front retail building, approximately 700 square feet, ideal for a variety of uses. Behind this sits a substantial two-story warehouse constructed of concrete and brick, further enhanced by a usable basement area. The warehouse boasts a practical raised loading dock for efficient logistics, along with two elevator and stairwell shafts, adding to its functional versatility. This combination of retail and warehouse space offers significant flexibility for adaptive reuse, catering to a wide range of commercial ventures. The property's prime location in Springfield ensures high visibility and accessibility, making it an attractive investment for entrepreneurs and developers alike. The asking price of $90,000 presents a compelling opportunity to acquire a rare and adaptable property in a thriving Illinois market. Don't miss this chance to transform this unique space into a thriving commercial enterprise. The property's solid construction and strategic location promise a strong return on investment for the discerning buyer.

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Longitude

-89.651

Latitude

39.8065

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments