719 Jefferson StSpringfield, IL 62702

  • Commercial real estate
  • 1.27 AC
For Lease
$11/SF/YR View listing

Property Details for 719 Jefferson St

Lot size
1.27 AC
Property type
Commercial real estate
APN
14-28.0-376-068
APU
14280376068

Description

Jefferson Plaza offers 24,210 square feet of versatile commercial space in Springfield, Illinois, ideal for a variety of uses. This high-traffic property boasts a prime location at a lighted intersection on a busy retail corridor leading to downtown, ensuring excellent visibility and accessibility. The building features a combination of retail, office, and warehouse space, providing flexibility for diverse business needs. The warehouse component includes three private loading docks and a 17-foot clear height, facilitating efficient logistics. Ample parking is available, along with two convenient points of ingress and egress. Monument signage opportunities exist, further enhancing visibility. The building's strategic location offers highway-facing exposure on both sides and the rear, allowing for prominent highway signage. The property is conveniently situated directly at a bus stop, providing easy public transportation access. Furthermore, its proximity to major highway access points and Lincoln Airport adds to its appeal. This exceptional property presents a unique opportunity for businesses seeking a high-visibility location with diverse space options.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $16,976,588
    Hospitality
    $15,550,463
    Educational
    $12,937,803
    Medical
    $13,382,754
    Retail
    $20,125,472
719 Jefferson St, Springfield, Illinois

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.8042
Longitude
-89.6646
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,650
$293,852
$245,107
$538,959
-
$881,556
$735,321
$1,616,877

FAQs

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