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1700 Wabash AvenueSpringfield, IL 62704

Sangamon County

$850,000List price
4,413Sq Ft
0.70Acre lot
8 weeks agoOn market

Description

±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

Property Information

Property type
Commercial Sale
Building area
4,413 Sq Ft
Lot size
0.70 acres
Zoning
B-2
Days on market
60
MLS® Listing#
CA1046199

Property Features

Cooling
Central Air
Heating
Forced Air
Flooring
Tile
Construction
Brick · Glass · Frame
Roof
Flat
Utilities
Water Available · Water Connected
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
Yes
Annual taxes
$24,850Tax year 2025
Parcel number
22080326023

Directions

Wabash between MacArthur and Chatham Road

Listing Courtesy: The Real Estate Group, Inc. - Offc: 217-787-7000

Presented by: Jay Clark

Based on information submitted to the MLS GRID as of 2026-08-26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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