For Lease
$9.70/SF/YR

221 5Th St Springfield, IL 62701

Prime location, 4,423 sq ft, high potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional commercial property at 221 S 5TH Street presents a unique investment opportunity. The property encompasses 4,423 square feet of land and a single-tenant building zoned for commercial use. The building features a main floor and a finished lower level, each equipped with a bar. Existing walk-in coolers and some bar equipment are included, although a thorough inspection is recommended by prospective buyers. Restroom facilities are available on both floors; one on the main level and separate men's and women's restrooms in the lower level. The property's versatile layout is ideal for a variety of uses, including a restaurant, bar, sports bar, event space, or a combination thereof. Its strategic downtown location offers significant advantages, with proximity to numerous events that could generate substantial additional revenue. The property's Assessed Parcel Number (APN) is 14340107054. This is a single-tenant property with tremendous potential for a savvy investor looking to capitalize on a prime downtown location. The existing infrastructure provides a solid foundation for a variety of business ventures, making this an attractive opportunity for those seeking a turnkey operation or a blank canvas for a creative concept. Serious inquiries only.

Highlights

  • Land and restaurant property at 221 S 5TH Street.
  • Single-tenant commercial property with APN 14340107054.
  • 4,423 square foot building on commercially zoned land.
  • Features main floor and finished lower level, each with a bar, walk-in cooler, and some bar equipment (condition to be verified).
  • Includes one restroom on the main level and separate men's and women's restrooms in the lower level. Suitable for restaurant, bar, sports bar, event space, or a combination thereof.

Property Details for 221 5Th St

Property type
Restaurants, Land
RSF (Rentable sq. ft)
4,423 SF

Unit(s) available at that property

Space
Size
4,423 SF
Rate per SF
$9.70

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.799833
Longitude
-89.649672

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FAQs

What type of property is this?
Restaurant - Prime location, 4,423 sq ft, high potential.
Where is the restaurant located?
The property is located at 221 5Th St Springfield, IL.
What is the lease rate?
The lease rate is $9.70/SF/YR.
What are key features of this property?
This property features: Land and restaurant property at 221 S 5TH Street.; Single-tenant commercial property with APN 14340107054.; 4,423 square foot building on commercially zoned land.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Larry Sapp
Larry Sapp
Visit Broker Website

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5Th St
Springfield, IL 62701

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5Th St
Springfield, IL 62701

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

221 5Th St
  • Larry Sapp
    Larry Sapp
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