1610 Jefferson StSpringfield, IL 62702

For Sale
$298,000

High-traffic location, double drive-thru, expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a prime commercial property located at 1610 W Jefferson Street in Springfield, Illinois, 62702. The property consists of land currently improved with a double drive-thru building, ideally suited for restaurant use. The asking price is $298,000. The building sits on an oversized lot, providing significant expansion potential. There's even an adjacent lot available for purchase, allowing for a substantial increase in the overall buildable area. Currently leased to a reputable tenant, this property offers flexibility for either continued lease income or conversion to owner-occupied status. The strategic location on W Jefferson Street ensures high visibility and significant foot traffic, with a daily car count exceeding 21,000 vehicles. This translates to exceptional exposure and potential for strong returns. The property's combination of existing infrastructure, expansion possibilities, and prime location makes it an attractive investment for both seasoned and emerging entrepreneurs in the food service industry or related commercial ventures. This is a rare opportunity to acquire a well-positioned commercial property with substantial growth potential in a thriving Illinois market.

Highlights

  • $298,000 asking price.
  • Land and retail property in Springfield, IL.
  • Double drive-thru building on an oversized lot with potential for expansion.
  • Currently leased to a high-quality tenant, with owner-occupancy potential.
  • High-traffic location with over 21,000 daily car counts.

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.8072402
Longitude
-89.6802739
1610 Jefferson St, Springfield, Illinois

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1610 Jefferson St
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