1200 N. 5th Street, Springfield, IL 62702 United States | Office - Coldwell Banker Commercial
SearchFor SaleSpringfieldILSearchFor SaleSpringfieldILFlexible Office/Retail Opportunity at High-Visibility Medical District Corner$120,0001200 N. 5th Street Springfield, IL 62702Skip menu to main. . .
SearchFor SaleSpringfieldILSearchFor SaleSpringfieldILFlexible Office/Retail Opportunity at High-Visibility Medical District Corner$120,0001200 N. 5th Street Springfield, IL 62702Skip menu to main contentAbout this listingDESCRIPTIONFreestanding office/retail building located on a corner lot at the signalized intersection of 5th St and E. North Grand Avet, with approximately 13,500 AADT along E. North Grand Avent. The property offers strong visibility, convenient access, and multiple points of ingress and egress along one of Springfield’s established commercial corridors. The building features a flexible layout with open areas on each end, several smaller rooms, and a kitchenette near the center. A small clothing store currently occupies the building on a month-to-month basis. The property is well-suited for a small office, retail user, service business, or other commercial use depending on the next owner’s needs. AREALocated within the Mid-Illinois Medical District, the property benefits from proximity to an area that has continued to experience investment and redevelopment. Nearby projects include Advanced Medical Transport/Medics First’s new headquarters and clinical training facility in partnership with Memorial Health and Illinois State University’s Mennonite College of Nursing, along with newer facilities for DaVita Kidney Care and KED Plasma. The property is also situated within the Enos Park TIF District and an Enterprise Zone, which may provide access to incentives for building rehabilitation, business improvements, potential City property tax abatements, and building materials sales tax exemptions. Buyers should contact the City of Springfield’s Office of Planning and Economic Development to confirm available incentives and eligibility. Building Size3,372 sqftYear Built1950ZoningS-1, Neighborhood Commercial & Office DistrictParking Spots12Year Last Renovated1980Details• Max Contiguous Area: 3372. 0• Min Divisible Area: 0. 0SIMILAR LISTINGS FROM Blake Pryor, CCIM3 photos available. 3Gateway Development Opportunity Between Downtown & the Medical District For Sale$299,000Springfield, IL 6270116 photos available. 16Freestanding Retail Opportunity with Drive-Thru on a Signalized Hard Corner$10/sqft/yrSpringfield, IL 6270312 photos available. 12Single-Tenant USDA Investment Property For Sale$1,095,000Petersburg, IL 6267515 photos available. 15Springfield Commons Walmart, Menards, & Lowe’s Shadow Anchor Center For LeasePrice Upon RequestSpringfield, IL 62702