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700 E North Grand Ave
Springfield, IL 62702
Retail Property For Sale
EXECUTIVE SUMMARY
Presenting an outstanding commercial property opportunity! Nestled on a prime +/- 0.3 acre corner lot at the intersection of North Grand Ave and 7th St in Springfield, IL, this property features a +/-3,050 sq ft building, previously a quick lube facility. The site, zoned I-1 by the City of Springfield, enjoys high visibility on the minor arterial thoroughfare of North Grand Avenue, with exposure to an average of 11,400 cars daily. The property offers a pole sign, overhead doors, and access from streets and an adjacent alley, and is complemented by a concrete and asphalt-paved lot. Explore the possibilities in a location within a TIF District, Enterprise Zone, Opportunity Zone, and the Mid-Illinois Medical District. Don't miss this strategic business opportunity!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,946 SF
Building Class
C
Year Built
1990
Price
$364,847 CAD
Price Per SF
$123.84 CAD
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.23
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
I-1 - Springfield
Parking
6 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
169’ on North Grand Avenue East
PROPERTY TAXES
| Parcel Number | 14-27.0-129-039 | Improvements Assessment | $48,996 CAD |
| Land Assessment | $53,396 CAD | Total Assessment | $102,392 CAD |
PROPERTY TAXES
Parcel Number
14-27.0-129-039
Land Assessment
$53,396 CAD
Improvements Assessment
$48,996 CAD
Total Assessment
$102,392 CAD
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