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Investment Highlights

  • Newly renovated
  • New HVAC System & Ductwork
  • Freshly Painted Walls
  • New Flooring Throughout
  • Re-Striped Parking Lot
  • LED Panel Lighting

Executive Summary

Imagine the possibilities at this newly renovated retail/office building for sale or lease in the heart of Springfield, IL. This property has been newly equipped with high-quality modern finishes, creating a turn-key opportunity for any owner-user or tenant. The bright, open-concept layout offers exceptional flexibility for retail, office, medical, showroom, or professional services. Enjoy owning or occupying a property with many improvements including a brand-new exterior façade, re-striped parking lot, new flooring throughout, freshly painted and finished walls, modern Pella windows & door, LED panel lighting, new HVAC system and ductwork, and rest room. This building contains, not only, a large open main room, but two other spacious rooms with cabinetry and a sink, and also a couple smaller rooms for storage or closet spaces. Also capitalize on the convenient access from this location on South Grand to MacArthur Blvd to the west as well as 5th & 6th street to the east. Do not miss the opportunity to own or lease this exceptional property! Also listed For Lease at $16.50/sf NNN

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,150 SF
Building Class
C
Year Built/Renovated
1984/2025
Price
$385,000
Price Per SF
$179.07
Percent Leased
Vacant
Building Height
1 Story
Typical Floor Size
2,150 SF
Building FAR
0.14
Lot Size
0.35 AC
Zoning
S-2 - Neighborhood Shopping District
Parking
11 Spaces (5.12 Spaces per 1,000 SF Leased)

Amenities

  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 2,150 SF
  • Office
  • Partial Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Floor 2,150 SF Office Partial Build-Out Now

1st Floor

Size
2,150 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Floor

Size 2,150 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
22-04.0-104-032
Land Assessment
$15,919
Improvements Assessment
$9,074
Total Assessment
$24,993
  • Listing ID: 41592280

  • Date on Market: 8/7/2026

  • Last Updated:

  • Address: 720 South Grand Ave W, Springfield, IL 62704

Contact the Sale Advisor

720 W South Grand Ave | 720 South Grand Ave W

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