2801 Ridge AveSpringfield, IL 62702

Property Details for 2801 Ridge Ave

Lot size

0.32 AC

Zone code

B2

Property type

Commercial real estate

APN

14-24.0-378-015

APU

14240378015

Description

This 3,000 square foot commercial property located at 2801 Ridge Avenue in Springfield, Illinois, presents a unique investment opportunity. Previously used as a car lot, the building includes an office and breakroom, making it ideal for a variety of businesses. The B-2 zoning allows for diverse uses, such as contractor businesses, landscaping companies, or car detailing services. Its prime corner lot location ensures high visibility and ample parking, significantly enhancing its appeal to potential customers. The property boasts a high traffic count, guaranteeing substantial exposure. This translates to a strong potential for business growth and profitability. The building's existing infrastructure, including the office and breakroom, reduces initial setup costs for new tenants. In addition to the sale price of $235,000, this property is also available for lease at a modified gross lease rate of $2,600 per month. This flexibility caters to a wider range of potential buyers and tenants, making it an attractive option for both investors and businesses seeking a strategic location in Springfield. The property's size and location make it a compelling investment opportunity in a thriving commercial area.

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.8176

Longitude

-89.6087

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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