2919 6Th St Springfield, IL 62703
- Commercial real estate
- 1.55 lot acres
Current Use by Public Records
- Vegas Lounge / Gambling House
Property Details for 2919 6Th St
- Lot size
- 1.55 lot acres
- Property type
- Commercial real estate
- APN
- 22-10.0-302-014
- APU
- 22100302014
Description
This exceptional Springfield, IL retail strip center at 2919 S. Sixth St. presents a prime leasing opportunity. The property boasts a total of 5,394 square feet, with 2,574 square feet currently available for lease. The building features a modern design and is well-maintained, creating an inviting atmosphere for businesses. Its strategic location ensures high visibility and substantial foot traffic, maximizing exposure for tenants. Ample parking, with 40 spaces, provides convenient access for customers. The versatile interior space is adaptable to a variety of retail uses, making it ideal for businesses looking to establish or expand their presence in the thriving Springfield community. The large lot size of 77,439 square feet offers significant potential for future expansion or outdoor amenities. Abundant natural light fills the space through expansive windows, creating a bright and welcoming environment. This property offers a unique chance to secure a prominent retail location in a desirable area with high customer traffic and excellent visibility. The flexible layout allows for customization to meet specific business needs, ensuring a seamless transition for new tenants. Don't miss this opportunity to secure a thriving retail space in a prime Springfield location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $415,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $325,000
- Mixed-Use
- $405,000
- Hospitality
- $445,000
- Educational
- $365,000
- Residential Income
- $415,000
- Energy
- $445,000
- Income-Based Land
- $350,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6491
- Latitude
- 39.7628
- CBSA code
- 44100
- CBSA name
- SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA