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Historic Peden Building 414 5th St 4,400 SF Vacant Retail Building Illiopolis, IL 62539 $119,000 ($27.05/SF)
Investment Highlights
- Historic two-story commercial building with multiple entrances
- Convenient access to Springfield, Decatur, and Interstate 72
- Located within Illiopolis' downtown commercial area
- Accessible to both Springfield and Decatur employment markets
Executive Summary
Former boutique wedding and prom dress store. Significant inventory available if the buyer would like to include in the purchase. Building could be used for retail again or for office (such as law firm), or could be further renovated and used for residential and/or live/work space. If Buyer so desired, the substantial inventory can be included in the purchase. Sale includes vacant lot adjacent to the north.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1980/2018
Price
$119,000
Price Per SF
$27.05
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.11 AC
Zoning
Commercial - Commercial
Frontage
197’ on 5th Street
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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Photos
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Map
Contact the Sale Advisor
Historic Peden Building | 414 5th St