612 W South Grand Avenue, Springfield, IL 62704

• 3,807 sqft

Property Description

Full of character, charm, and income potential, this near west side property is ideally located just off the intersection of South Grand and Walnut. Perfect for an investor or owner-occupant seeking a mixed-use opportunity with multiple revenue streams, this property offers a combination of commercial and residential space with off-street parking and numerous updates. The main level has served as a successful hair and nail studio for over 30 years, providing excellent visibility and potential for continued commercial use or conversion to other business types. The upper levels feature two additional apartments, while the finished basement space provides further income potential. With 14 off-street parking spaces, the property easily accommodates tenants, customers, or staff. The building's historic character is evident throughout, from its architectural details to the appealing floor plan. Recent improvements include a roof installed less than 10 years ago, replaced sewer lines, many newer windows, and a newer A/C system. The second and third- floor apartments pay their own electric and supplement the building's A/C with window units. An exterior fire stair on the east side provides access to the third floor. Current rents are as follows: Basement $500, 2nd floor $850, and 3rd floor $590, with projected potential of 1st floor $1,200, basement $650 2nd floor $1,100, and 3rd floor $800, offering solid upside for future investors.

Listing Status:

Pending

Listing Office:

RE/MAX Professionals : 217-787-7215

Listing Agent:

Jim Fulgenzi : 217-341-5393

MLS ID:

CA1040497

Interior

• General: High Speed Internet
• Basement: Finished
• A/C: Central Air
• Heating: Forced Air

Exterior

• Parking: Parking PadParking spaces: 14

Construction

• Roofing: OtherShingle
• General: Brick/Mortar

Location

• Originating MLS: rmlsa
• County: Sangamon

Lot

• Zoning: See Tax Records22040126052

Utilities

• Water: Public SewerPublic

Financial

• Source: rmlsa

This listing courtesy of Jim Fulgenzi, RE/MAX Professionals