920 N Grand Ave E Springfield, IL 62702

Property Details for 920 N Grand Ave E

Year built

2001

Property size

15,251 SF

Property type

Drug stores

Property subtype

Commercial real estate

Description

This freestanding 15,251 SF small-box property offers high visibility on a hard corner lot, formerly home to a CVS Pharmacy. Situated at a bustling intersection with 20,550 AADT, the location guarantees unmatched exposure and accessibility, complemented by prominent pylon signs and convenient traffic-signal access. With ample parking and a large surrounding population, the property is ideal for retail businesses seeking a strategic foothold. Constructed with durable precast concrete, the building features a spacious open sales area with 12′ ceilings, ideal for flexible layout options. Supporting facilities include a small office, photo room with an eye-washing station, a wet-sprinkler-equipped back stock room, an 18’6″ x 11′ walk-in cooler, three restrooms, a lounge area, a pharmacy, and an additional office. An efficient 5,000 lb hydraulic dock lift further enhances the property’s functionality for businesses with larger inventory needs. Location Description Located within the Enos Park TIF District and the Springfield/Sangamon County Enterprise Zone, this property is eligible for multiple incentives. These include potential assistance that offer significant advantages for new or expanding businesses. This property is a unique investment opportunity for visionary businesses ready to capitalize on a high-traffic, growth-ready location. Area Description Springfield is the Capital of Illinois, the county seat of Sangamon County, and the 6th most populous city in Illinois. It is located in central Illinois and is accessed by Interstate 55 and 72. It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis, MO. The historic US Route 66 crosses Illinois from Chicago to East St. Louis, which includes Springfield. Also, it is the hometown of President Abraham Lincoln, whose life and activities drive tourism. The Abraham Lincoln Presidential Library and Museum Complex adds to the annual tourism traffic. Further, Springfield is home to the University of Illinois at Springfield (UIS), one of three universities in the U of I system with 1,642 employees and 2,503 enrolled students, the Southern Illinois (SIU) School of Medicine, and Lincoln Land Community College.

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Longitude

-89.642136

Latitude

39.816223