NOT LISTED FOR SALE

116 N Grand Ave E Springfield, IL 62702

Oak Ridge Neighborhood

Estimated Value: $65,304

-- Bed
-- Bath
880 Sq Ft
$74/Sq Ft Est. Value

Last Sold January 14, 2020

Last sale price $59,000 $67 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $407/month

147 Days on Market

About This Home

As of January 2020

• Building: ± 880 SF - Land: ± 4,840 SF • Charming small office or retail setting for Sale or Lease • Building is ideal for a barber shop, beauty salon or nail studio • Modified Gross Lease: Tenant pays rent, utilities and janitorial • Building is adjacent to traffic signaled intersection in close proximity to Medical District • ILDOT Daily Average traffic count 13,400 • Average monthly utility cost $115.00 (Estimation received from current owner) • Zoning: City of Springfield B-1 Highway Business Service District • 2018 Real Estate Taxes: $2,215.04**SOME CAR INFORMATION REQUIRED ON THIS LISTING SHEET MAY NOT BE ACCURATE. CONTACT LISTING AGENT WITH QUESTIONS**

Last Agent to Sell the Property

Sam Nichols

True Commercial Real Estate License #471000181 Listed on: 08/20/2019

Last Buyer's Agent

Jim Skeeters

Keller Williams Capital License #475097981

Keller Williams Capital

Property Details

Property Type

  • Other

Lot Details

  • 4,792

Utilities

  • Cooling Available
  • Heating Available

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Lvt Date: 08/20/2019
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other Flooring
  • Total Building Sq Ft: 880

Exterior Features

  • Exterior Finish: Other Exterior Finish
  • Frontage Access: City Street
  • Insulation: Other Insulation
  • Roof Construction: Other Roof Construction
  • Wall Construction: Other Wall Construction

Utilities

  • Cooling: Other Cooling
  • Heating: Other Heating

Lot Info

  • Estimated Number of Acres: 0.11
  • Zoning: B-1
  • Geo Subdivision: IL

Rental Info

  • Monthly Lease Rate: 750
  • Lease Dollar Sq Ft: 10.23
  • Sale Lease Includes: Building, Land
  • Terms Lease: Other Term/Lease

Tax Info

  • Parcel Id Number Tax Id: 14-27.0-101-004
  • Tax Incentive: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Feb 3, 2020
Sold by
Gary Mumaw
Bought by
Fraase Gregory
Seller's Agent
Sam Nichols
True Commercial Real Estate
Buyer's Agent
Jim Skeeters
Keller Williams Capital
List Price
$59,900
Sold Price
$59,000
Premium/Discount to List
-$900
-1.5%
Current Estimated Value
$65,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,304
Avg. Annual Appreciation
1.72%

Purchase Details

Listed on
Aug 20, 2019
Closed on
Jan 14, 2020
Sold by
Mumaw Gary and Mumaw Marybeth
Bought by
Fraase Gregory
Seller's Agent
Sam Nichols
True Commercial Real Estate
Buyer's Agent
Jim Skeeters
Keller Williams Capital
List Price
$59,900
Sold Price
$59,000
Premium/Discount to List
-$900
-1.5%

Purchase Details

Closed on
Jan 9, 2002

Purchase Details

Closed on
Mar 17, 2000

Purchase Details

Closed on
Dec 12, 1997
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fraase Gregory -- Sgro Hanrahan Durr Rabin & Bru
Fraase Gregory $59,000 None Listed On Document
-- $64,000 --
-- $5,000 --
-- $60,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2020 01/14/20 Sold $59,000 -1.5% $67 / Sq Ft
08/20/2019 08/20/19 For Sale $59,900 -- $68 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,492 $29,670 $14,550 $15,120
2023 $2,396 $27,101 $13,290 $13,811
2022 $2,304 $25,708 $12,607 $13,101
2021 $2,227 $24,745 $12,135 $12,610
2020 $2,183 $24,782 $12,153 $12,629
2019 $2,143 $24,696 $12,111 $12,585
2018 $2,215 $26,216 $12,047 $14,169
2017 $2,169 $25,877 $11,891 $13,986
2016 $2,127 $25,500 $11,718 $13,782
2015 $2,106 $25,195 $11,578 $13,617
2014 $2,074 $25,032 $11,503 $13,529
2013 $2,028 $25,032 $11,503 $13,529
Source: Public Records

Agents Affiliated with this Home

  • Sam Nichols

    Seller's Agent in 2020

    Sam Nichols

    True Commercial Real Estate

    (217) 787-2808

    10 Total Sales

    Sam Nichols
    Section Image
  • Jim Skeeters

    Buyer's Agent in 2020

    Jim Skeeters

    Keller Williams Capital

    (217) 971-6775

    12 in this area

    523 Total Sales

    Jim Skeeters
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMACA1677

RMLS Alliance

APN: 14-27.0-101-004

Illinois Sangamon County Springfield 62702 Oak Ridge

116 N Grand Ave E, Springfield, IL

Not Listed for Sale

Other

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