507 4Th StSpringfield, IL 62702

This exceptional mixed-use property, located at 507 N 4th St in Springfield, Illinois, presents a unique investment opportunity. Priced at $90,000, this 0.33-acre lot features two buildings totaling 8,500 square feet. The main structure is a two-story concrete and brick warehouse built in 1900, boasting a usable basement, a raised loading dock, and two separate elevator and stairwell shafts. A smaller, approximately 700 square foot, free-standing retail building sits at the street front. The property is zoned B-2, offering considerable flexibility for redevelopment. Its prime location near the intersection of 4th and Carpenter streets in Springfield, IL (zip code 62702) provides excellent visibility and accessibility. The combination of a historic warehouse and a smaller retail space creates a versatile canvas for a variety of uses, making this a rare find in the Springfield market. This property offers significant potential for adaptive reuse and presents a compelling opportunity for investors seeking a project with substantial upside. The existing infrastructure, including the loading dock and elevator shafts, provides a solid foundation for future development. Don't miss this chance to acquire a unique and highly adaptable property in a desirable location.