1124 S 8th Street Springfield, IL ^$ 65,000

1124 S 8th Street

^$ 65,000

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1124 S 8th Street

Springfield, IL, 62703

^$ 65,000

Studio Baths0.0 Sq 2,211

Monthly Estimate*

^$ 454

1124 S 8th Street, Springfield, IL 62703 - Image 1

1124 S 8th Street, Springfield, IL 62703 - Image 2

1124 S 8th Street, Springfield, IL 62703 - Image 3

1124 S 8th Street, Springfield, IL 62703 - Image 4

Studio

Commercial Property for sale in Springfield, IL

for $65,000. This 2,211 square foot building was built in 1890 on a lot size of 0.12.

Lots of potential in this unique opportunity merely blocks away from downtown Springfield. Sitting amongst a mix of residential and commercial properties, the once former residence was last being used as an office building and is now in need of an investor to bring it back to life. While being sold as-is, this property has been priced to reflect the renovations and investment required to unlock its full potential. The property has potential to be rezoned back to its residential roots if a buyer would have that interest and the city would allow the change.

Commercial Active

Price

^$ 65,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,795

Style

Lot Size

0.12

Year Built

1890

Town/City

Springfield

County/Region

Sangamon

MLS | Web ID

12023984

Features

General

Cooling None

Zoning COMMR

Year Built 1890

Electric Other

Tenant Pays Varies by Tenant

Stories 2

Property SubType Office

Tax Year 2022

Gross Income 0

County Sangamon

Net Operating Income 0

Operating Expense 1795

Property Type Commercial Sale Office/Tech

Status Price Change

Directions The property sits at the corner of S. 8th and E. Allen St two blocks East of S. Grand Ave.

City Springfield

MLS Area Springfield

Lot Size Square Feet 5403

Street Name 8th

Tax Annual Amount 1795

Additional Parcels Y/N N

Leasable Area 2211

Days on Market 33

Standard Status Active

Exterior

Building Area Total 2211

Lot Dimensions 35 X 153

Lot Size Acres 0.12

Interior

Street Suffix Street

* Excluded Features

List By

Core 3 Commercial Real Estate

Broker

carrie.troll@svn.com

Affordability Calculator

$604

Per Month

Monthly Principal & Interest: $454
Monthly Property Taxes: $150
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Springfield, IL

Average List Price ^$65,000

Percent of Sale Price 0%

About Springfield, IL

114,048 Population

1% Since 2002

^$50,688 Median Income

39.41 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/10/2024	$65,000	-13.33%	Price Down
4/8/2024	$75,000		Listed Price

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1124 S 8th Street, Springfield, IL, 62703 is a Commercial Property for sale at $65,000 with 2,211 sqft and a lot size of 0.12. 1124 S 8th Street is a studio with 0.0 baths and was built in 1890. The property's zip code is 62703 which is in Springfield, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/13/2024.

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1124 S 8th Street

Commercial Property for sale in Springfield, IL

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