920 Grand AveSpringfield, IL 62702

For Sale
$1,200,000

High-visibility, vacant retail space.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 15,251 square-foot freestanding retail building is situated on a 1.95-acre hard corner lot in Springfield, Illinois, at 920 N Grand Ave E, zip code 62702. Built in 2001, the single-story structure features 72 parking spaces and a drive-thru. The property boasts high visibility due to its location on a signalized intersection with a high average daily traffic count of 20,550. The building includes a spacious open sales area with 12-foot ceilings, a small office, photo room with eye-washing station, a wet-sprinkler-equipped back stock room, an 18'6" x 11' walk-in cooler, three restrooms, a lounge area, and a former pharmacy. A 5,000 lb hydraulic dock lift is also present. The property is zoned S-3, Central Shopping District, and is located within the Enos Park Tax Increment Financing (TIF) District and the Springfield/Sangamon County Enterprise Zone, making it eligible for various incentives. The asking price is $1,200,000 ($78.68/sq ft). The property's APN is 14-27.0-202-026. Springfield is the capital of Illinois, offering a strong economy driven by tourism, higher education (including the University of Illinois Springfield), and its central location along Interstate 55 and 72. This presents a unique opportunity for owner-users seeking a high-traffic location with significant growth potential.

Highlights

  • High-visibility freestanding retail building with multiple pylon signs.
  • 1.95-acre hard corner lot at a signalized intersection.
  • Ample parking with 72 spaces and drive-thru capabilities.
  • Located in Springfield, IL's Enos Park TIF District and Enterprise Zone, offering potential incentives.

Property Details for 920 Grand Ave

Property type
Other retail properties, Individual retail properties
Square Feet
15,251 SF
Year Built
2001
Buildings
1
Stories
1
Lot Size (sq. ft)
84,942 SF

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.815993445603
Longitude
-89.642774054729
920 Grand Ave, Springfield, Illinois

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920 Grand Ave
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