2445 S 5th St - Office FOR SALE


Springfield, IL 62703
$375,000 USD
217-625-4663
2445 S 5th St, Springfield, IL for Sale
$375,000 USD
Office - FOR SALE
1/50
null | Request Cap Rate

2445 S 5th St
Springfield, IL 62703


HIGHLIGHTS

  • 12,700 Annual average daily traffic counts
  • 40 Parking Spaces
  • Hair Salon/Office/Multi Tenant Investment
  • Fully remodeled (Roof, HVAC, Windows, Interior)

OVERVIEW

Welcome to 2445 S. 5th St. in the heart of Springfield! This 5,227 sq ft commercial space has been completely updated and remodeled in the last few years and is ready forits new owner. Whether you are looking for an investment opportunity or a space for your business this is it. With an average daily traffic count of 12,700 and over 35 parking spaces this all brick building with a new metal roof in 2017 is in a prime location for visibility and access. Offering 3 total suites the interior of the building has seen a major overhaul with updated windows,flooring, lighting, ceilings and much more. The upstairs unit is currently being utilized as a hair salon with approx 2689 sq ft, 2 restrooms, LVP flooring, break room and office. Most of the fixtures in this unit can be sold with building at an additional cost. The lower level is split into 2 suites. One suite is currently leased by Bella Luna (1,073 sq ft approx) and features a lobby,sitting area, 4 offices with sinks and a break room. The Bella Luna Spa buildout was completed in 2019. The other suite (1,169 sq ft approx)is a blank slate that can be transformed in to anything. The lower level shares 2 restrooms that are accessed through a shared hallway. MAJOR UPDATES INCLUDE: 3 HVAC's in March of 2024, Half of the asphalt parking lot in Aug 2024, Roof, Windows and flooring in 2014-2017.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R5B

APN/PARCEL ID

22-09.0-227-013,22-09.0-227-014

ASK ABOUT THIS PROPERTY

Dominic CampoCampo Realty Inc.More Info
217-625-4663

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Dominic CampoCampo Realty Inc.More Info
217-625-4663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.