Homes for sale - 1115 S 2ND ST, Springfield, IL 62704

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Lisa Carstens

lisacarstenshomes@gmail.com +1(563) 370-3119

Listed by Jane Hay • The Real Estate Group, Inc.

$ 235,000

Est. payment | -/mo

3,893 SqFt

Save

$ 235,000

Est. payment | -/mo

Save

3,893 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,893 sqft

Price per Sqft $60

MLS Listing ID CA1033569

Originating Board rmlsa

Annual Tax Amount $4,982

Tax Year 2023

Lot Size 8,712 Sqft

Acres 0.2

Property Description

This prime downtown property, located just steps from the Capitol building, offers an exceptional investment opportunity with its excellent condition, versatile spaces, and steady income potential. Remodeled in 2001 with updated wiring, the building features modern functionality throughout its layout. It includes 2,162 square feet of office space across the first and second floors, currently leased to the Illinois Association of Aggregate Producers for $2,500 per month (with a potential rent escalation to $2750 in 2026 and a new 5-year term, see attached lease for details). The property includes a large conference room, multiple bathrooms, kitchen spaces/break rooms, enhancing its functionality and appeal. The third floor houses a 650-square-foot 1-bedroom apartment, generating $600 per month on a month-to-month lease, allowing the new owner flexibility to adjust the rent to market rates. Additionally, it offers a 1,081-square-foot unfinished basement ideal for storage to tenants. Property also offers a well-maintained parking lot with plenty of parking. The average monthly expenses include $520 for utilities, $170 for insurance, and $60 for garbage, totaling $1,215. Other updates: 3rd story water heater: 2024, newer fence around parking lot. Strategic location, stable tenants, and potential for increased revenue make this mixed-use property an outstanding investment. Don't miss this rare opportunity to own a standout piece of downtown real estate!

Location

State IL

County Sangamon

Area Springfield

Zoning R5B

Direction From S Grand Ave turn North on 2nd Street

Interior

Heating Electric, Heat Pump

Cooling Central Air, Heat Pump

Flooring Carpet, Tile/Vinyl, Wood

Fireplace N

Exterior

View true

Roof Type Asphalt/Fiberglass

Garage 1

Building

Faces From S Grand Ave turn North on 2nd Street

Sewer Public Sewer

Water Municipal/City

Structure Type Vinyl Siding,Frame

Others

Tax ID 14-33.0-483-029

Security Features Yes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(563) 370-3119

lisacarstenshomes@gmail.com

2550 Middle Rd. Suite #601 Bettendorf, IA 5225722

1115 S 2ND ST Springfield, IL 62704