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Listed by Blake Pryor • Coldwell Banker Commercial Dev
$195,000
Est. payment /mo
7,706 SqFt
Active
1425 E COOK ST Springfield, IL 62703
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UPDATED:
10/25/2024 08:05 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,706 sqft
Price per Sqft $25
MLS Listing ID CA1032603
Originating Board rmlsa
Year Built 1988
Annual Tax Amount $12,012
Tax Year 2023
Lot Size 0.790 Acres
Acres 0.79
Property Description
Seize this rare chance to own a freestanding retail building on a prime hard corner at a signalized intersection. Formerly a Family Dollar, this property offers maximum exposure with prominent signage, including facade and pylon visibility from both E. Cook St and S. 15th St, boasting 200 feet of frontage on Cook and 173 feet on 15th. The open floor plan, complemented by a small office and restrooms, provides a versatile blank canvas for any retail or service concept. Located in multiple incentive areas, including an enterprise zone, this property may qualify for valuable sales tax exemptions on building materials and property tax abatements—driving down renovation costs and boosting your bottom line. Take advantage of this rare opportunity to acquire an exceptional property in a high-traffic area at well below its fair market value ($407,625).
Location
State IL
County Sangamon
Area Springfield
Zoning B-1, S-2
Direction Northwest intersection of E. Cook St and S. 15th St.
Interior
Heating Forced Air, Gas
Cooling Central Air
Flooring Concrete
Fireplace N
Exterior
View true
Roof Type Flat,Metal
Total Parking Spaces 33
Garage 1
Building
Faces Northwest intersection of E. Cook St and S. 15th St.
Sewer Public Sewer
Water City Water/Connected, Municipal/City
Structure Type Block,Brick
Others
Tax ID 14-34.0-286-014 & -015