Address
401 E Washington Springfield, IL
Price
$ 1,200,000
Property Attributes
  • MLS#CA182549
  • TypeCommercial
  • CountySANGAMON
  • CitySpringfield
  • AreaSpringfield
  • Zip62701
  • StyleCommercial/CIE
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24000
Listing Provided Courtesy Of:
Todd Smith with Todd P Smith Real Estate.
Property Description

FOR SALE or LEASE - Investment/Redevelopment Opportunity! Get in on the revitalization of Downtown Springfield, IL. In the last few years: 30 new businesses & nearly 200 new residential units have been/are being developed (source: DSI), Kidzeum of Health & Science (opening by Aug 2018), farmer's market, new parks and gathering spaces, & much more. Within 1 block; Farmer's Market, mass transit, Old State Capitol. Opportunity for a mixed-use project! See attached documents for potential residential redevelopment. Currently finished as office space throughout. Located in a TIF District. First floor is being offered at $9.50/sf Second and Third floors are $9.00/sf *Special Offer* The owner is offering the first 3 months of rent FREE for minimum 3-yr leases for 2nd or 3rd floor space signed in 2019. *Special Offer* The owner is offering the first 3 months of rent FREE for minimum 3-yr leases for 2nd or 3rd floor space signed in 2019.

Price History
4/5/2020 Listed $1,200,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 62701

Price
AVG $230K
$1.2M
Visits
AVG 5
4

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