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431 S Grand Ave W
Springfield, IL 62704
Office Property For Sale
Executive Summary
Standout split-level office opportunity in the heart of Springfield, IL, just minutes from downtown and ideally positioned along South Grand Ave. This ±5,400 SF property offers exceptional visibility and a newly renovated upper level that is perfect for professional users seeking a modern, move-in-ready environment. The functional lower level has not yet been renovated. Recent renovation included a full roof replacement (2023), upper-level remodel (2019), Window and HVAC replacement (2019), and the addition of an ADA-compliant lift (2019), providing both comfort and accessibility. With approximately 25 on-site parking spaces, this property combines convenience, functionality, and prominent central-location exposure, making it an outstanding choice for businesses looking to elevate their presence in Springfield.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,000 SF
Building Class
C
Year Built
1966
Price
$513,641 CAD
Price Per SF
$85.61 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.46
Lot Size
0.30 AC
Zoning
R-5B - Medium- to high-density residential district intended primarily for multifamily housing. It allows apartments and related residential uses, with select institutional or limited professional uses by approval, supporting compact urban development.
Parking
25 Spaces (4.17 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 14-33.0-456-046 | Improvements Assessment | $144,541 CAD |
| Land Assessment | $19,951 CAD | Total Assessment | $164,493 CAD |
Property Taxes
Parcel Number
14-33.0-456-046
Land Assessment
$19,951 CAD
Improvements Assessment
$144,541 CAD
Total Assessment
$164,493 CAD
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