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Property profile & analytics

1028 S Grand Ave Springfield, IL 62704

  • Commercial real estate
  • 0.33 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2913868
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Reiser, Craig J / Law Firm
  • Kepner & Reiser / Law Firm

Property Details for 1028 S Grand Ave

Lot size
0.33 lot acres
Property type
Commercial real estate
APN
22-05.0-229-005
APU
22050229005

Description

This exceptional commercial property, located at 1028 W South Grand Avenue in Springfield, Illinois, presents a unique investment opportunity. The 25,065 square foot all-brick building boasts a prime corner location at the intersection of MacArthur and South Grand Avenues. The building's layout is ideal for a variety of professional uses, featuring a well-designed mix of executive office suites, spacious conference rooms, and open areas perfect for cubicles. The first and second floors each offer 8,355 square feet of versatile office space, complemented by an additional 4,000 square feet of lower-level space. The property includes a substantial 39-space parking lot, further enhanced by 4 designated handicap parking spots. Additional parking is readily available should the need arise. This property is equipped with a crucial Cat Generator, ensuring uninterrupted power supply during outages. The asking price for this exceptional Springfield, IL commercial property is $1,900,000. The property is zoned for Commercial, Executive Office, and Government use. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving Illinois market. The property is classified as Land and Office. The zip code is 62704.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6691
Latitude
39.7866
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
$36,192
$44,886
$364,473
$409,359
-
$134,658
$1,093,419
$1,228,077
More about this property
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