700 E Adams St | Springfield, IL 62701
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- LoopNet Team
700 E Adams St
Springfield, IL 62701
Wyndham Springfield City Centre · Hospitality Property For Sale
·
295,840 SF
INVESTMENT HIGHLIGHTS
- 700 E Adams Street is a one-of-a-kind, 30-story, mixed-use hotel with diversified, stable demand generators in the heart of Springfield’s CBD.
- Unencumbered by Management & Franchise.
- Liquor license and Starbucks franchise conveys to new owner upon approved application of each.
- Multiple streams of income comprise a franchised Starbucks on the ground level, 369 hotel rooms, 27 apartment units, and cellphone tower leases.
- Tallest building in the city, minutes from the State Capitol, Lincoln Presidential Library, Union Square Park, and renowned healthcare employers.
- Extraordinary investment opportunity zoned by right for 200 apartment units, with Marriott’s approval for a 225-room Delta by Marriott conversion.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 295,840 SF |
| Property Subtype | Hotel | No. Stories | 30 |
| Building Class | B | Year Built/Renovated | 1974/2027 |
| Lot Size | 1.16 AC | Corridor | Interior |
| Construction Status | Under Renovation | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.16 AC |
| Construction Status | Under Renovation |
| Building Size | 295,840 SF |
| No. Stories | 30 |
| Year Built/Renovated | 1974/2027 |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- On-Site Retail
- High Speed Internet Access
- On-Site Bar
- Convention Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 14-34.0-132-011 | Improvements Assessment | $734,077 |
| Land Assessment | $388,801 | Total Assessment | $1,122,878 |
PROPERTY TAXES
Parcel Number
14-34.0-132-011
Land Assessment
$388,801
Improvements Assessment
$734,077
Total Assessment
$1,122,878
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