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1861-1927 E Sangamon Ave
Springfield, IL 62702

Price Upon Request

General Retail For Sale  •  129,335 SF

Property Details

  • Property Type General Retail
  • Total Building Size 129,335 SF
  • Lot Size 11.82 AC
  • Building Class B
  • Year Built 1974
  • Tenancy Multiple
  • Zoning B-1, S-2
29 Transit Score
63 Walk Score

Highlights

Outlot Lease-up: The property includes a 0.22 (approximately) acre out lot with full visibility and access to E Sangamon Ave, which would be ideal for
QSR Potential: The neighboring property currently underutilizes the adjoining property. There is potential to purchase additional land from that owner
Below Market Rent: The current average rental rate is well below market at only $9.44 psf, which offers a buyer assurance that the property will stay
Limited Market Availability: The current market vacancy rate is 2.02%, in-line with the 3-year average of 2.00%, which offers limited availability for

Amenities

  • Bus Line
  • Tenant Controlled HVAC
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
9 min - 2.9 mi
AirportDriveWalkDistance
Abraham Lincoln Capital 8 min - 3.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 794
Type: Surface
Included in Rent: Yes