4,413 sqft

$850,000

1700 WABASH Avenue, Springfield IL, 62704

Price per sqft$192.61

Property size4,413 sqft

Property typeCommercial

Courtesy of The Real Estate Group, Inc., Listing Contact:

Overview

Active

Listed Aug 26, 2026

Updated Sep 5

±4,413 SF FREESTANDING RETAIL / RESTAURANT OPPORTUNITY ±0.70 Acres | Former Hardee’s | 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 Hardee’s 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 Springfield’s most prominent commercial corridors. The area benefits from substantial daily traffic. Nearby national tenants include: • Target • Lowe’s • ALDI • Panera Bread • Chick-fil-A • Starbucks

Other Property Details

Taxes: $24,850
Tax Frequency: Annually

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