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1413-1429 E Cook st
Springfield, IL 62703

Prime Commercial Opp w/ High Vis & Incentives · Retail Property For Sale

Investment Highlights

  • Prime Hard Corner Location
  • High Visibility & Prominent Signage
  • Multiple Incentive Areas
  • Signalized Intersection
  • Open Floor Plan
  • Priced Well Below its Fair Market Value ($407,625)

Executive Summary

Seize this rare chance to own a freestanding retail building on a prime hard corner at a signalized intersection. Formerly a Family Dollar, this property offers maximum exposure with prominent signage, including facade and pylon visibility from both E. Cook St and S. 15th St, boasting 200 feet of frontage on Cook and 173 feet on 15th. The open floor plan, complemented by a small office and restrooms, provides a versatile blank canvas for any retail or service concept. Located in multiple incentive areas, including an enterprise zone, this property may qualify for valuable sales tax exemptions on building materials and property tax abatements—driving down renovation costs and boosting your bottom line. Take advantage of this rare opportunity to acquire an exceptional property in a high-traffic area at well below its fair market value ($407,625).

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,706 SF
Year Built
1988
Price
£154,504
Price Per SF
£20
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
B-1 & S-2 - Highway Business District + Community Shopping & Office District
Parking
33 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
200 ft on E. Cook St

Amenities

  • Bus Route
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Storage Space
  • Recessed Lighting
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-34.0-286-016
  • 14-34.0-286-014
  • 14-34.0-286-015
  • 14-34.0-286-018
  • 14-34.0-286-017
Land Assessment
£10,245
Improvements Assessment
£97,413
Total Assessment
£107,658
  • Listing ID: 33565518

  • Date on Market: 18/10/2024

  • Last Updated:

  • Address: 1413-1429 E Cook st, Springfield, IL 62703

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