2100 White Oaks DrSpringfield, IL 62704

For Lease
$25/SF/YR View listing
  • Commercial real estate
  • 2.20 AC

Property Details for 2100 White Oaks Dr

Lot size
2.20 AC
Property type
Commercial real estate
APN
21-01.0-477-013
APU
21010477013

Description

This 6,500-square-foot, recently renovated restaurant building is available for lease. Located at 2100 W White Oaks Dr, Springfield, IL 62704, this single-tenant property sits on a 2.2-acre lot and boasts 155 parking spaces. The building underwent a complete $1 million renovation in 2022, including exterior and interior updates, new kitchen equipment and appliances, and upgraded mechanical, electrical, and plumbing systems. The fully equipped kitchen features three hood ventilation systems, a walk-in beer cooler, walk-in cooler, two walk-in freezers, and a three-compartment sink. The dining area comfortably seats 172 guests across multiple areas, including a bar. Additional features include a private office, storage room, and two employee restrooms in the kitchen area. All furniture, fixtures, and equipment (FF&E) are included. The property benefits from high visibility on Veterans Pkwy/Rt. 4 (29,400 AADT), a major Springfield thoroughfare, and is conveniently located near several large residential neighborhoods, Interstate 72, White Oaks Mall, White Oaks Plaza, and Sam's Club. The property is zoned PUD (Planned Unit Development) and has an APN of 21-01.0-477-013. Annual property taxes are $5.86 per square foot. This prime location offers exceptional access to a strong customer base in a thriving retail corridor. The building is ideal for a variety of casual, contemporary, family-style, or destination restaurant concepts, including Korean BBQ.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $29,346,832
    Hospitality
    $26,881,542
    Educational
    $22,365,126
    Medical
    $23,134,298
    Retail
    $34,790,196
2100 White Oaks Dr, Springfield, Illinois
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Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7748
Longitude
-89.7088
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,066
$207,134
$223,423
$430,557
-
$621,402
$670,269
$1,291,671

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