1413-1429 Cook StSpringfield, IL 62703

Property Details for 1413-1429 Cook St

Year built

1988

Lot size

0.79 AC

Property size (Sq ft)

7,706 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional 7,706-square-foot retail building presents a prime investment opportunity in Springfield, Illinois. Located on a hard corner at a signalized intersection of E. Cook St and S. 15th St, this property boasts unparalleled visibility with 200 feet of frontage on Cook Street and 173 feet on 15th Street. Previously occupied by a Family Dollar, the building offers a versatile open floor plan, including a small office and restrooms. The property sits on a 0.79-acre lot with ample parking (33 spaces). Built in 1988, this single-story structure is classified as Class C and is currently vacant, providing a blank canvas for a new owner/user. The property is zoned B-1 (Highway Business District) and S-2 (Community Shopping & Office District), offering flexibility for various retail or service businesses. This location benefits from multiple incentive areas, potentially qualifying for sales tax exemptions on building materials and property tax abatements, significantly reducing renovation costs. The asking price is $195,000, significantly below the estimated fair market value of $407,625, representing a compelling investment opportunity. The property includes prominent signage opportunities, including pylon signage, maximizing visibility. The APN is 14-34.0-286-014, -015, -016, -017, & -018.

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7947

Longitude

-89.6355

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