1999 Wabash AveSpringfield, IL 62704

  • Commercial real estate
  • 1.82 AC
For Lease
$15.06/SF/YR View listing

Property Details for 1999 Wabash Ave

Lot size
1.82 AC
Property type
Commercial real estate
APN
22-07.0-276-025
APU
22070276025

Description

This exceptional two-story, 51,500 square foot executive office building, located at 1999 Wabash Ave, Leland Grove, IL 62704, offers multiple tenancy options with a minimum divisible space of 1,133 square feet. The property boasts a fresh, newly renovated interior and updated exterior signage. Situated on a major arterial, Wabash Avenue, at its intersection with Chatham Road, this contemporary building enjoys high visibility and convenient access. The open floor plan allows for abundant natural light. Amenities include over 200 on-site parking spaces with cross-access parking for even greater convenience, ADA compliance, fiber connectivity, and access to several high-speed internet providers. First-floor suites offer private entries. The location benefits from its proximity to a variety of retail, restaurants, grocery stores, gas stations, and residential areas. Public transportation is also readily available. The building is zoned S-2 (City of Springfield) and is located in Sangamon County. One elevator serves the two stories.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $24,277,774
    Hospitality
    $22,238,310
    Educational
    $18,502,012
    Medical
    $19,138,326
    Retail
    $28,780,908

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7648
Longitude
-89.6895
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
$49,732
$213,030
$349,480
$562,510
-
$639,090
$1,048,440
$1,687,530

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