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2901 S Grand Ave E
Springfield, IL 62703
Accessible Freestanding QSR with Drive-Thru · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Highly visible, freestanding ±4,100-SF quick-service restaurant with a drive-thru over 1.04 acres in Springfield, Illinois.
  • Owner-user or value-add investment opportunity to acquire a well-situated asset within a market with low vacancy rates and low supply-side pressure.
  • Advantageously located in an Opportunity Zone, presenting a new owner with possible tax incentives.
  • Primely positioned on a hard corner lot of a signalized intersection adjacent to popular retailers JCPenney, AutoZone Auto Parts, and County Market.
  • Directly accessible via the SMTD public transportation bus line, two minutes from the I-55 and IL-29 interchange and five minutes to I-55 and IL-72.

PROPERTY FACTS

Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,100 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.04 AC
Parcel Number
14-36.0-351-025
Zoning
Commercial - MISCELLANEOUS COMMERCIAL
Parking
52 Spaces (13.17 Spaces per 1,000 SF Leased)
Frontage
275’ on South Grand Ave East

AMENITIES

  • Bus Line
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning
  • Listing ID: 29800651

  • Date on Market: 10/16/2023

  • Last Updated:

  • Address: 2901 S Grand Ave E, Springfield, IL 62703

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