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    Grandview, IL Southern View, IL Williamsville, IL Sherman, IL Riverton, IL Rochester, IL Chatham, IL Cantrall, IL
    Mixed-Use Building with Salon
    Updated: Apr 24
    Mixed-Use Building with Salon

    612 W South Grand Avenue, Springfield, IL 62704

    Contact for pricing
    Near West side mixed‑use property off the intersection of S. Grand and Walnut
    Main level has operated as a hair and nail studio for 30+ years; zoned residential with a use variance for the hair salon
    Income setup includes 2 apartments (2nd and 3rd floors) plus a finished basement space
    Current rents: basement $500, 2nd floor $850, 3rd floor $590 (projected potential: 1st $1,200; basement $650; 2nd $1,100; 3rd $800)
    Recent updates include roof installed less than 10 years ago, replaced sewer lines, many newer windows, and newer A/C system
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Triplex with Laundry Hookups
    Renovated Triplex with Laundry Hookups

    916 S CREVE COEUR Avenue, Creve Coeur, IL 61610

    $175,000

    Three two-bedroom units offer central air, updated interiors, and individual laundry hookups.

    View details
    Triplex with Separate Utilities
    Triplex with Separate Utilities

    263 S 1ST Avenue, Canton, IL 61520

    $115,900

    Three-unit apartment property with rear off-street parking and several recent building updates.

    View details
    Renovated Three-Unit Triplex
    Renovated Three-Unit Triplex

    916 S Creve Coeur Avenue #A-C, Creve Coeur, IL 61610

    $175,000

    Updated interiors include laundry hookups in each unit, with ownership covering water, sewer, and garbage.

    View details
    Updated Three-Unit Triplex
    Updated Three-Unit Triplex

    804 S Main St, Canton, IL 61520

    Contact for pricing

    Recently refreshed residential income property with a detached garage, enclosed yard, and covered porches.

    View details

    Springfield, IL Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Springfield, IL on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 15
    Apartment buildings 14
    Mobile home & RV parks 5
    Quadplexes 3
    Short term rental properties 1

    Demographics Overview

    Population 138K
    Population Growth (5Y) +1.9%
    Median Household Income $70,314
    College Educated 9.5%

    Taxes & Financing

    Tax Rate (average for all types) 8.64%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sangamon County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, IL

    • 62704

    Featured Springfield Real Estate Agencies

    Realmo connects you with licensed Springfield CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Capital
    3171 Robbins Road Springfield, IL 62704
    Phone: 12175534368
    www.kwspi.com

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