1425 Cook St Springfield, IL 62703-1839

Property Details for 1425 Cook St

Lot size

0.16 lot acres

Property type

Commercial real estate

APN

14-34.0-286-017

APU

14340286017

Description

This exceptional 7,706 square foot freestanding retail building presents a unique investment opportunity in Springfield, Illinois. Situated on a 0.79-acre lot at a signalized intersection of E. Cook Street and S. 15th Street, this property boasts unparalleled visibility with 200 feet of frontage on Cook Street and 173 feet on 15th Street. Previously occupied by a Family Dollar, the building features a versatile open floor plan ideal for a variety of retail or service businesses. A small office and restrooms are included. Prominent signage opportunities exist, including building facade and pylon signage, ensuring maximum exposure to high traffic counts. The property's location within multiple incentive zones, including an enterprise zone, offers significant potential cost savings. Eligible businesses may qualify for sales tax exemptions on building materials and property tax abatements, substantially reducing renovation expenses. This property is priced significantly below its assessed fair market value of $407,625, representing a compelling investment opportunity in a high-traffic area. Don't miss this chance to acquire a well-located, adaptable commercial space with substantial upside potential. The open floor plan allows for easy customization to suit your specific business needs. The high visibility and prime location make this an ideal property for attracting customers and establishing a thriving business.