NOT LISTED FOR SALE

401 E Washington St Springfield, IL 62701

Downtown Springfield Neighborhood
-- Bed
-- Bath
24,000 Sq Ft
9,496 Sq Ft Lot

Last Sold November 18, 2022

Last sale price $950,000 $40 Per Sq Ft

1,358 Days on Market

About This Home

As of November 2022

FOR SALE or LEASE - Own a piece of History! Investment/Redevelopment Opportunity! Get in on the revitalization of Downtown Springfield, IL. In the last few years: 30 new businesses & nearly 200 new residential units have been/are being developed (source: DSI), Kidzeum of Health & Science Museum, Farmer's market, new parks and gathering spaces, & much more. Within 1 block; Farmer's Market, mass transit, Old State Capitol. Opportunity for a mixed-use project! See attached documents for potential residential redevelopment. Currently finished as office space throughout. Located in a TIF District. First floor is being offered at $9.50/sf Second floor is available for lease at $9.00/sf Tenant is responsible for telephone/wifi, internal janitorial

Last Agent to Sell the Property

Todd Smith

Todd P Smith Real Estate License #471004523 Listed on: 03/01/2019

Last Buyer's Agent

Todd Smith

Todd P Smith Real Estate License #471004523 Listed on: 03/01/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $15,813

Lot Details

  • 9,496

Property Details

Property Type

Other

Est. Annual Taxes

$15,813

Lot Details

0

Listing Details

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

Interior Features

  • Price Per Sq Ft: 39.58
  • Total Sq Ft: 24000
  • Total Building Sq Ft: 24000
  • Estimated Lot Sq Ft: 9500

Lot Info

  • Zoning: S-3
  • Estimated Land Size: 95 x 100
  • Geo Subdivision: IL

Rental Info

  • Lease Dollar Sq Ft: 1
  • Lease Type: Gross
  • Sale Lease Includes: Building
  • Terms Lease: 3 Years

Tax Info

  • Annual Taxes: 15813
  • Parcel Id Number Tax Id: 14-27.0-360-029
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Nov 18, 2022
Sold by
Illinois Sheriffs Association
Bought by
University/Il Community Cu
Seller's Agent
Todd Smith
Todd P Smith Real Estate
Buyer's Agent
Todd Smith
Todd P Smith Real Estate
List Price
$1,200,000
Sold Price
$950,000
Premium/Discount to List
-$250,000
-20.83%

Purchase Details

Closed on
Apr 17, 2007

Purchase Details

Closed on
May 3, 2005

Purchase Details

Closed on
Feb 2, 2003

Purchase Details

Closed on
Feb 17, 1998

Purchase Details

Closed on
Feb 12, 1998

Purchase Details

Closed on
Dec 13, 1995

Purchase Details

Closed on
Dec 5, 1995
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
University/Il Community Cu -- None Listed On Document
-- -- --
-- -- --
-- $3,400,000 --
-- -- --
-- $250,000 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2022 11/18/22 Sold $950,000 0.0% $40 / Sq Ft View Prior Sale
11/18/2022 11/18/22 Sold $950,000 -4.5% $40 / Sq Ft
06/17/2021 06/17/21 Price Changed $995,000 0.0% $41 / Sq Ft
06/17/2021 06/17/21 Price Changed $995,000 -17.1% $41 / Sq Ft
03/01/2019 03/01/19 For Sale $1,200,000 -20.0% $50 / Sq Ft
05/01/2018 05/01/18 For Sale $1,500,000 -- $63 / 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 -- $0 $0 $0
2023 -- $0 $0 $0
2022 $16,688 $186,228 $63,700 $122,528
2021 $16,135 $179,255 $61,315 $117,940
2020 $15,814 $179,524 $61,407 $118,117
2019 $22,328 $257,369 $61,193 $196,176
2018 $14,439 $170,890 $60,901 $109,989
2017 $14,140 $168,681 $60,114 $108,567
2016 $58,633 $703,064 $59,237 $643,827
2015 $58,064 $694,659 $58,529 $636,130
2014 $57,195 $690,173 $58,151 $632,022
2013 $55,919 $690,173 $58,151 $632,022
Source: Public Records

Agents Affiliated with this Home

  • Todd Smith

    Seller's Agent in 2022

    Todd Smith

    Todd P Smith Real Estate

    (217) 441-8000

    8 in this area

    66 Total Sales

    Todd Smith
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Map

Source: RMLS Alliance

MLS Number: RMACA191279

RMLS Alliance

APN: 14-27.0-360-029

Illinois Sangamon County Springfield 62701 Downtown Springfield

401 E Washington St, Springfield, IL

Not Listed for Sale

Other

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