431 ADAMS Springfield IL 62704

$ 3,300,000.00
  • Property ID: 316578
  • Date added: 07/15/23
  • OriginalListPrice: 3300000
  • Post Updated: 2024-03-07 21:47:22
  • Type:
  • Status:
  • MLS #: RMACA1023425

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Description

43,297 square feet of mix-use space. Consists of 16 apartments (11 updated/renovated and no vacancies), One 2500 sqft completely renovated Airbnb with great rental history and future bookings, 5 newly renovated/fully leased retail locations on ground level, and 15,000 SF of commercial office space with over 50% leased. Great Downtown Springfield location directly west of the Old State Capitol. The building comes with a private parking garage with 20 spots for residential tenants. Building has an elevator, new facade on exterior of building, and updated common hallways and new LED lighting. Building is located in the downtown TIF District. Rent Rolls and full financials are available to qualified buyers upon request.

Rooms&Units Description

  • Unit #: 17

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Location Details

  • County: Sangamon
  • Directions to Property: Jefferson to 5th, properties are located on the corner of 5th and Adams

Property Details

  • BuildingAreaTotal: 43297
  • BuildingName: Chatterton Place
  • Cooling: Central Air, Individual Units
  • Levels: Two, Three, Multi-Tenant
  • # of Buildings: 5
  • BUILDING DESCRIPTION: Cable

Property Features

  • MlgCanView: 1
  • HEATING: Forced Air, Individual Unit
  • FRONTAGE/ACCESS: City Street, Corner Lot
  • FLOORING: Carpet, Tile/Vinyl, Wood
  • SEWER SOURCE: Public Sewer
  • WATER SUPPLY: City Water/Connected, Municipal/City
  • ADDITIONAL AMENITIES: Springfield

Fees & Taxes

  • Tax Year: 2022
  • TaxAnnualAmount: 22361.86

Miscellaneous

  • PROPERTY USE: Office, Investment, Multi-Family, Retail
  • Net Operating Income: -22362

Courtesy of

  • Office Name: The Real Estate Group, Inc.

This style property is located in Springfield is currently and has been listed on Rhoades Real Estate. This property is listed at $ 3,300,000.00. It has bedrooms, bathrooms, and is . The property was built in year.

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