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2445 S 5th St 5,000 SF Office Building Springfield, IL 62703 $375,000 ($75/SF)
INVESTMENT HIGHLIGHTS
- 12,700 Annual average daily traffic counts
- Hair Salon/Office/Multi Tenant Investment
- 40 Parking Spaces
- Fully remodeled (Roof, HVAC, Windows, Interior)
EXECUTIVE SUMMARY
Welcome to 2445 S. 5th St. in the heart of Springfield! This 5,227 sq ft commercial space has been completely updated and remodeled in the last few years and is ready forits new owner. Whether you are looking for an investment opportunity or a space for your business this is it. With an average daily traffic count of 12,700 and over 35 parking spaces this all brick building with a new metal roof in 2017 is in a prime location for visibility and access. Offering 3 total suites the interior of the building has seen a major overhaul with updated windows,flooring, lighting, ceilings and much more. The upstairs unit is currently being utilized as a hair salon with approx 2689 sq ft, 2 restrooms, LVP flooring, break room and office. Most of the fixtures in this unit can be sold with building at an additional cost. The lower level is split into 2 suites. One suite is currently leased by Bella Luna (1,073 sq ft approx) and features a lobby,sitting area, 4 offices with sinks and a break room. The Bella Luna Spa buildout was completed in 2019. The other suite (1,169 sq ft approx)is a blank slate that can be transformed in to anything. The lower level shares 2 restrooms that are accessed through a shared hallway. MAJOR UPDATES INCLUDE: 3 HVAC's in March of 2024, Half of the asphalt parking lot in Aug 2024, Roof, Windows and flooring in 2014-2017.
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1977/2014
Price
$375,000
Price Per SF
$75
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,500 SF
Building FAR
0.21
Lot Size
0.55 AC
Zoning
R5B - Medium Density Residential
Parking
40 Spaces (8 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $32,658 (2024) | |
| Land Assessment | $76,282 (2024) | Total Assessment | $108,940 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$76,282 (2024)
Improvements Assessment
$32,658 (2024)
Total Assessment
$108,940 (2024)
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Presented by
Campo Realty Inc.
2445 S 5th St
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