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Listed by MelissaD Vorreyer • RE/MAX Professionals
$ 450,000
Est. payment /mo
Active
1439 STEVENSON DR Springfield, IL 62703
5,989 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,989 sqft
Price per Sqft $75
MLS Listing ID CA1046957
Annual Tax Amount $8,127
Tax Year 2025
Property Sub-Type Commercial
Source rmlsa
Property Description
Excellent investment opportunity on highly visible Adlai Stevenson Drive! This well-maintained and extensively remodeled multi-use commercial property offers approximately 5,989 sq. ft. with multiple income-producing spaces already in place. The building features (3) separate office spaces plus (2) upper-level apartments with private exterior entrances—one 1-bedroom/1-bath unit and one 2-bedroom/1-bath unit. The majority of the property is currently leased, providing immediate rental income, while approx 1700sq. ft. remains available for an owner-user, additional tenant, office or other commercial use. The current owner has worked diligently to remodel and improve the property, creating an attractive and versatile building with numerous possibilities. Great opportunity for an investor looking for established rental income with additional upside, or a business owner who wants to occupy their own space while generating income from the remaining tenants. Must see to appreciate all this property has to offer!
Location
State IL
County Sangamon
Area Springfield
Zoning B-1
Direction Stevenson Drive across the street from Bunn
Interior
Heating Forced Air, Natural Gas, Electric
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Concrete, Tile
Fireplace N
Exterior
View true
Roof Type Composition Shingle
Garage 1
Building
Faces Stevenson Drive across the street from Bunn
Sewer Public Sewer
Water Municipal/City
Structure Type Brick
Others
Tax ID 22100479016