NOT LISTED FOR SALE

850 S Spring St Springfield, IL 62704

Vinegar Hill Neighborhood

Estimated Value: $111,350

Studio
-- Bath
2,160 Sq Ft
$52/Sq Ft Est. Value

Sale Details

Date Sold: June 3, 2022

Last sale price $110,000 $51 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $865 / mo

137 Days on Market

About This Home

As of June 2022

Take a look at this Extremely clean, Full Brick Office Building that could perfectly serve multiple different uses. Located wonderfully close to downtown Springfield, just a few blocks from the State Capitol & surrounded by a State Business district, Privately owned businesses, as well as some residential. This is a fantastic location seeing a daily traffic count of nearly 2,500 vehicles! Private offices are in place on Both levels, with options for conference rooms/Break area, & reception space as well. Brand new carpet installed in lower level in December of 2021, & upstairs carpet replaced in 2019! There are 2 Restrooms in place that have both been updated as well. Owner is willing to lease the property, at a Modified Gross rental rate of $1,850/month. 7, building specified parking spaces are available for your daily parking convenience. Upper & lower levels are on their own independent utilities & HVAC/Water Heaters, so the building could be easily leased independently if desired.

Last Agent to Sell the Property

CINDI KRUSE

IN BETWEEN OFFICES License #475102955 Listed on: 12/13/2021

Last Buyer's Agent

John McIntyre

Do Realty Services, Inc. License #475141324

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,889

Year Built

  • Built in 1985

Lot Details

  • 5,009

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for janitorial, trash, snow/lawn, gas, electric, heating, cooling, water/sewer

Property Details

Property Type

Other

Est. Annual Taxes

$2,889

Year Built

Built in 1985

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Lvt Date: 12/13/2021
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Tile/Vinyl, Carpeted
  • Total Building Sq Ft: 2112
  • Estimated Lot Sq Ft: 5016

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Corner Lot, City Street
  • Insulation: Roof
  • Roof Construction: Comp Shingle
  • Wall Construction: Frame

Garage/Parking

  • Numberparking Spaces Allocated: 7

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Water Supply: City on Premises

Lot Info

  • Zoning: R-5B
  • Estimated Land Size: 33 x 152
  • Geo Subdivision: IL
  • Property Use: Office Showroom, Day Care Facility/Nursery, Office Building

Rental Info

  • Lease Type: Gross
  • Sale Lease Includes: Land, Building
  • Tenant Pays: Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 2888.54
  • Parcel Id Number Tax Id: 14-33.0-431-022
  • Tax Incentive: None
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2024
Sold by
Bought by
Current Estimated Value
$111,350

Purchase Details

Closed on
Sep 17, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004

Purchase Details

Closed on
Aug 16, 2004

Purchase Details

Closed on
Apr 4, 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$100,000 None Listed On Document
$32,500 Cornerstone Title
$110,000 None Listed On Document
$126,500 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $88,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $110,000 -12.0% $51 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
12/13/2021 12/13/21 For Sale $125,000 -- $58 / Sq Ft
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,167 $39,117 $12,856 $26,261
2024 $3,064 $36,483 $11,990 $24,493
2023 $3,386 $38,295 $10,952 $27,343
2022 $3,255 $36,326 $10,389 $25,937
2021 $2,943 $32,697 $10,001 $22,696
2020 $2,885 $32,746 $10,016 $22,730
2019 $2,831 $32,632 $9,981 $22,651
2018 $4,532 $53,640 $9,930 $43,710
2017 $4,438 $52,947 $9,802 $43,145
2016 $4,351 $52,175 $9,659 $42,516
2015 $4,309 $51,552 $9,544 $42,008
2014 $4,245 $51,219 $9,482 $41,737
2013 $4,150 $51,219 $9,482 $41,737
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    CINDI KRUSE

    IN BETWEEN OFFICES

    Section Image
  • John McIntyre

    Buyer's Agent in 2022

    John McIntyre

    Do Realty Services, Inc.

    (217) 415-0191

    6 in this area

    146 Total Sales

    John McIntyre
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1011594

RMLS Alliance

APN: 14-33.0-431-022

Illinois Sangamon County Springfield 62704 Vinegar Hill

850 S Spring St, Springfield, IL

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RMLS Alliance 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. Some IDX listings have been excluded from this website.IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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