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507 4th St

8,500 SF Speciality Building Offered at £70,497 in Springfield, IL 62702

Executive Summary

Imagine the possibilities with this versatile two-building property in the heart of Springfield IL. This unique property has a ton of redevelopment potential. Located near the intersection of 4th & Carpenter, the property has a free-standing small street front retail building (+/-700 sf) and a two-story concrete and brick warehouse (plus a useable basement) behind. The warehouse has a raised loading dock entrance and two elevator and stairwell shafts. There are not many buildings like this one in Springfield so don't miss the chance to create an awesome space with this flexible property!

Attachments

507 N 4th Brochure 10.17.2024

Property Facts

Price £70,497 Lot Size 0.31 AC
Price Per SF £8 Building Size 8,500 SF
Sale Type Investment or Owner User Number of Floors 1
Sale Conditions Development Sale Year Built 1900
Property Type Speciality Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Self-Storage
Price £70,497
Price Per SF £8
Sale Type Investment or Owner User
Sale Conditions Development Sale
Property Type Speciality
Property Subtype Self-Storage
Lot Size 0.31 AC
Building Size 8,500 SF
Number of Floors 1
Year Built 1900
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14-27.0-308-040 Improvements Assessment £3,648
Land Assessment £23,391 Total Assessment £27,039

PROPERTY TAXES

Parcel Number
14-27.0-308-040
Land Assessment
£23,391
Improvements Assessment
£3,648
Total Assessment
£27,039
(217) 441-8000

Contact

  • Listing ID: 33543306

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 507 4th St, Springfield, IL 62702

The Speciality Property at 507 4th St, Springfield, IL 62702 is currently available for sale. Contact Todd P Smith Commercial Real Estate for more information.

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507 4th St
(217) 441-8000 x

507 4th St

Todd Smith

(217) 441-8000

(217) 441-8000

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