Contact us: 563.441.1776
Description
±4,413 SF FREESTANDING RETAIL / RESTAURANT OPPORTUNITY ±0.70 Acres | Former Hardees | Existing Drive-Thru | $975,000 EXECUTIVE SUMMARY 1700 Wabash Avenue presents an exceptional opportunity to acquire a highly visible, freestanding commercial configuration provides an ideal foundation for a new food-and-beverage operator, while the building and site also offer flexibility for repositioning, adaptive reuse, or lease-up to a new tenant. Offered at $850,000 the property is well suited for an owner-user or investor seeking a well-located Central Illinois commercial asset with strong surrounding retail fundamentals. INVESTMENT HIGHLIGHTS ¢ ±4,413 SF freestanding commercial building ¢ ±0.70-acre parcel ¢ Former Hardees restaurant location ¢ Existing drive-thru infrastructure ¢ Monument signage ¢ Ample on-site parking ¢ Highly visible location along Wabash Avenue ¢ Daily traffic counts exceeding 25,000 vehicles ¢ Located near the intersection of Wabash Avenue and Chatham Road ¢ Strong surrounding national and regional retail presence ¢ Excellent opportunity for owner-user, investor, or new operator ¢ Potential for repositioning, adaptive reuse, or re-tenanting ¢ Offered at $850,000 PREMIER RETAIL CORRIDOR The property is strategically located along Wabash Avenue, one of Springfields most prominent commercial corridors. The area benefits from substantial daily traffic. Nearby national tenants include: ¢ Target ¢ Lowes ¢ ALDI ¢ Panera Bread ¢ Chick-fil-A ¢ Starbucks
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Available Sqft: 4413
General Information
County: Sangamon
Listed By:
The Real Estate Group, Inc.
Offc: 217-787-7000
RMLSA
MLS ID: CA1046199
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1700 Wabash Avenue, Springfield, IL 62704.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $850,000 | $850,000 | $850,000 |
| Down Payment | $170,000 | $29,750 | $212,500 |
| Monthly Mortgage Amount | $4,298 | $5,207 | $5,337 |
| Taxes | $1183 | $1183 | $1183 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $374 | $0 |
| Monthly Estimated Total | $5,729 | $7,012 | $6,768 |
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