NOT LISTED FOR SALE

1501 Wabash Ave Springfield, IL 62704

Studio
-- Bath
-- Sq Ft
7,187 Sq Ft Lot

Last Sold June 10, 2016

Last sale price $205,000

72 Days on Market

About This Home

As of June 2016

This purchase opportunity for this commercial property has been sought by many over the years--NOW it is available.Priced As Land Value Only.Average Daily Traffic Count at Wabash Ave & Fillmore St: 30,200 vehicles.Corner Lot:120 ft frontage on Wabash Ave à 180 ft deep.Total Land Area: ±21,600 sf (±0.495 ac).Jerome Sales Tax: 7.25% (City of Springfield Sales Tax: 8.50%).Formerly an insurance office.Zoning: Village of Jerome Commercial B-1 Retail/Business.2014 RE Taxes paid in 2015: $5,763.92.

Last Agent to Sell the Property

Sam Nichols

True Commercial Real Estate License #471000181 Listed on: 02/22/2016

Last Buyer's Agent

Sam Nichols

True Commercial Real Estate License #471000181 Listed on: 02/22/2016

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Special Features: None
  • Property Sub Type: Other

Lot Info

  • Zoning: B-1
  • Geo Subdivision: IL

Rental Info

  • Sale Lease Includes: Land

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2018
Sold by
Troung Tony and Chau Angie
Bought by
March Spfld Llc

Purchase Details

Closed on
Apr 3, 2015

Purchase Details

Closed on
Feb 12, 1997

Purchase Details

Closed on
Sep 27, 1996

Purchase Details

Closed on
Feb 13, 1995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
March Spfld Llc -- Barber Segatto Hoffee Wilke &
-- $11,000 --
-- $210,000 --
-- $210,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $205,000 -18.0% --
05/04/2016 05/04/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $250,000 -- --
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
2023 -- $42,634 $21,903 $20,731
2022 $3,744 $42,634 $21,903 $20,731
2021 $3,614 $40,962 $21,044 $19,918
2020 $3,487 $40,516 $20,815 $19,701
2019 $3,363 $39,807 $20,451 $19,356
2018 $3,234 $39,456 $20,363 $19,093
2017 $2,707 $33,311 $20,050 $13,261
2016 $1,580 $19,532 $19,532 $0
2015 $1,551 $19,091 $19,091 $0
2014 $1,525 $18,932 $18,932 $0
2013 $1,502 $19,135 $19,135 $0
Source: Public Records

Agents Affiliated with this Home

  • Sam Nichols

    Seller's Agent in 2016

    Sam Nichols

    True Commercial Real Estate

    (217) 787-2808

    10 Total Sales

    Sam Nichols
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Map

Source: RMLS Alliance

MLS Number: RMACA161256

RMLS Alliance

APN: 22-08.0-178-038

Illinois Sangamon County Springfield 62704

1501 Wabash Ave, Springfield, IL

Not Listed for Sale

Other

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