627 Adams StSpringfield, IL 62739

Property Details for 627 Adams St

Lot size

0.07 AC

Property type

Other commercial real estate

APN

14-34.0-127-025

APU

14340127025

Description

This exceptional 1,900 square foot commercial space at 627 East Adams Street offers a turnkey opportunity in a vibrant downtown location. Completely remodeled in 2021, this Class A property boasts modern amenities including two ADA-compliant bathrooms, updated HVAC (including central air), upgraded wiring and plumbing, a large storage closet/office area, additional storage, and a back kitchenette/break room. The space is ideal for a variety of uses, including coworking, traditional office, medical office, creative office, or executive office settings. Its convenient location offers unparalleled access to foot traffic and high visibility, situated next to the soon-to-be Arrowroot Coffee, a block from the convention center, and within easy walking distance of major hotels like the Wyndham and the Presidential Abraham Lincoln Hotel. Additional nearby attractions include Ascend cannabis dispensary, Celtic Mist Pub, Anvil and Forge, The Pharmacy Gallery, and the dining and shopping options on 5th and 6th Streets. The Farmers Market is just three blocks away. The property features a loading zone with garage door access for convenient deliveries, and includes a full, unfinished basement offering significant additional storage potential. The tenant is responsible for electric, gas, and trash services. Total building square footage is 6,420 square feet, with this single-tenant space occupying 1,900 square feet. The building, originally constructed in 1890, benefits from residential tenants on the upper floors.

• Alternative Use

  Use

  Valuation

  Residential

  $971,981

  Hospitality

  $890,329

  Educational

  $740,743

  Medical

  $766,219

  Retail

  $1,152,267

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.8009

Longitude

-89.6468

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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