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Listed by Jay Clark • The Real Estate Group, Inc.
$ 850,000
Est. payment /mo
New
1700 WABASH AVE Springfield, IL 62704
4,413 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,413 sqft
Price per Sqft $192
MLS Listing ID CA1046199
Annual Tax Amount $24,849
Tax Year 2025
Lot Size 0.700 Acres
Acres 0.7
Property Sub-Type Commercial
Source rmlsa
Property Description
±4,413 SF FREESTANDING RETAIL / RESTAURANT OPPORTUNITY ±0.70 Acres | Former Hardee's | Existing Drive-Thru | $975,000 EXECUTIVE SUMMARY 1700 Wabash Avenue presents an exceptional opportunity to acquire a highly visible, freestanding commercial configuration provides an ideal foundation for a new food-and-beverage operator, while the building and site also offer flexibility for repositioning, adaptive reuse, or lease-up to a new tenant. Offered at $850,000 the property is well suited for an owner-user or investor seeking a well-located Central Illinois commercial asset with strong surrounding retail fundamentals. INVESTMENT HIGHLIGHTS • ±4,413 SF freestanding commercial building • ±0.70-acre parcel • Former Hardee's restaurant location • Existing drive-thru infrastructure • Monument signage • Ample on-site parking • Highly visible location along Wabash Avenue • Daily traffic counts exceeding 25,000 vehicles • Located near the intersection of Wabash Avenue and Chatham Road • Strong surrounding national and regional retail presence • Excellent opportunity for owner-user, investor, or new operator • Potential for repositioning, adaptive reuse, or re-tenanting • Offered at $850,000 PREMIER RETAIL CORRIDOR The property is strategically located along Wabash Avenue, one of Springfield's most prominent commercial corridors. The area benefits from substantial daily traffic. Nearby national tenants include: • Target • Lowe's • ALDI • Panera Bread • Chick-fil-A • Starbucks
Location
State IL
County Sangamon
Area Springfield
Zoning B-2
Direction Wabash between MacArthur and Chatham Road
Interior
Heating Forced Air
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Water Available
View true
Roof Type Flat
Garage 1
Building
Faces Wabash between MacArthur and Chatham Road
Sewer Public Sewer
Water City Water/Connected
Structure Type Brick,Glass,Frame
Others
Tax ID 22080326023