1300 Toronto Rd Springfield, IL 62712
For Lease
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This exceptional Springfield, IL commercial property at 1300 Toronto Road offers 8,000 square feet of land zoned B-1, perfect for office space. Currently a single-tenant building, it presents an exciting opportunity for expansion with a proposed 8,000 sq ft extension. The flexible design allows for customized construction to meet specific tenant needs. The property boasts excellent visibility and ample parking, situated in a high-traffic area experiencing significant growth. Enjoy convenient access to a variety of amenities within a half-mile radius, including UIS, popular restaurants (McDonald's, Cracker Barrel, Wendy's), banks, and convenience stores. Furthermore, Lake Springfield, shopping centers, and three subdivisions are all within a mile, adding to the dynamic and thriving community. Detailed traffic and demographic data are available upon request. The lease is a modified gross structure. This prime location offers unparalleled potential for businesses seeking a strategic presence in a rapidly developing area of Springfield.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.