1700 Wabash AveSpringfield, IL 62704

Property Details for 1700 Wabash Ave

Lot size

0.70 AC

Property type

Other commercial real estate

APN

22-08.0-326-023

APU

22080326023

Description

This exceptional 4,685 sq ft former quick-service restaurant building presents a unique investment opportunity near Springfield's White Oaks Mall. Located on a 0.7-acre lot at 1700 Wabash Ave, Springfield, IL 62704, this single-story, 1984-built property features a drive-thru with a protective canopy, dual eye-catching signs, and easy access with convenient cross-access for seamless customer flow. The building boasts a fully equipped kitchen, ample seating, a service counter, beverage station, and ADA-compliant restrooms. With 24 parking spaces and B-2 General Business District zoning, this property offers significant potential for a variety of uses, including a second-generation restaurant, retrofit, build-to-suit, or ground lease. The property enjoys high visibility on Wabash Ave, with 25,100 AADT traffic counts, two curb cuts, and proximity to a signalized intersection. Its strategic location near White Oaks Mall and numerous big-box retailers, QSRs, and other businesses ensures high foot and vehicle traffic. The property's annual taxes are $4.74 per square foot. Consider the possibilities of this well-located, established property in the Illinois state capital, easily accessible via Interstates 55 and 72, and situated along the historic Route 66. The seller will consider both sale and lease options.

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7638

Longitude

-89.6831

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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