400 E South Grand Ave | Springfield, IL 62703
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- LoopNet Team
400 E South Grand Ave
Springfield, IL 62703
Family Dollar | Above-Average Sales · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Family Dollar Double-Net Lease with 5 Years Remaining in Springfield, IL (State Capital, MSA Pop. = 207K)
- Tenant Reports Above-Average Store Sales – Contact Agent for Details
- Located at Hard Corner Signalized Intersection on S Grand Avenue – High- Traffic East-West Corridor with 24,000 VPD at Intersection
- Extremely Dense Infill Location Just South of Downtown with 13,800 Residents within a 1-Mile Radius
- Four-Year Extension Exercised Two Years Early in 2020 Showing Strong Commitment to the Site
- E-Commerce Resistant, Recession-Proof, and Pandemic-Proof Business Model – Stayed Open and Paying Rent During COVID Shutdowns
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
C
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.91 AC
Zoning
B-1 - City of Springfield B-1 zoning makes this site a perfect spot for a variety of businesses.
Parking
42 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
197’ on South Grand Avenue East
PROPERTY TAXES
| Parcel Number | 22-04.0-228-012 | Improvements Assessment | $161,767 |
| Land Assessment | $76,500 | Total Assessment | $238,267 |
PROPERTY TAXES
Parcel Number
22-04.0-228-012
Land Assessment
$76,500
Improvements Assessment
$161,767
Total Assessment
$238,267
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