1533 Wabash Ave | Jerome, IL 62704
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1533 Wabash Ave
Jerome, IL 62704
1533 Wabash Ave · Retail Property For Sale
Investment Highlights
- City Street, State Rd, 4-Lane
- Fully Leased
Executive Summary
Explore an outstanding investment opportunity with this fully leased commercial property with 140’ of frontage on Wabash Ave in Springfield, IL. Positioned in a prime location with high visibility to approx. 25,400 cars per day. This property is fully leased, making it a wonderful addition to your portfolio. With rental income from two retail businesses, a billboard and parking space rent from a nearby company, this property generates strong monthly income. Additionally, tenants benefit from the current sales tax rate of 8.25% which further enhances its appeal as a retail location. The building has a mix of retail floor area along with shop/warehouse space and overhead doors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,364 SF
Building Class
C
Year Built
1971
Price
$550,000
Price Per SF
$66
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.59 AC
Zoning
B-1
Parking
15 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
100 FT on Wabash Ave
Amenities
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $90,448 | |
| Land Assessment | $81,003 | Total Assessment | $171,451 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$81,003
Improvements Assessment
$90,448
Total Assessment
$171,451
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