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1124 S 8th Street, Springfield, IL 62703
$65,000
1124 S 8th Street, Springfield, IL 62703View this property at 1124 S 8th Street, Springfield, IL 62703
1124 S 8th StreetSpringfieldIL62703
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Property Description
Lots of potential in this unique opportunity merely blocks away from downtown Springfield. Sitting amongst a mix of residential and commercial properties, the once former residence was last being used as an office building and is now in need of an investor to bring it back to life. While being sold as-is, this property has been priced to reflect the renovations and investment required to unlock its full potential. The property has potential to be rezoned back to its residential roots if a buyer would have that interest and the city would allow the change.
Full Property Details
Full Property Details for 1124 S 8th St
General
- Price: $65,000
- Taxes: $1,795 (2022)
- Status: Active
- Type: Office
- MLS ID: 12023984
- Updated: 5/16/2024
- Added to Site: 54 day(s) ago
Location
- Area: Springfield
- County: Sangamon
- Driving Directions: The property sits at the corner of S. 8th and E. Allen St, two blocks East of S. Grand Ave.
- Location Details: Central Illinois
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- Stories/Levels: 2
- Square Feet: 2,211
- Year Built: 1890
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,403
- Lot Dimensions: 35 x 153
- Zoning: C
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $1,795
- Assessment Year: 1890
- Tax Amount: $1,795
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 14340379010000
Listed by CORE 3 Commercial Real Estate
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Schools
Schools serving 1124 S 8th St
School District:Springfield School District 186
Rating | Name | Grades | Distance |
---|---|---|---|
900 W Edwards St, Springfield, IL 62704 | PK-5 | 1.2 mi | |
1200 Outer Park Dr, Springfield, IL 62704 | 6-8 | 1.8 mi | |
101 S Lewis St, Springfield, IL 62704 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1124 S 8th St
Date
Details
Price
Change
Source
5/10/2024
Price Reduced
$65,000
-13.33%
MLS
4/08/2024
Listed
$75,000
36.36%
MLS
4/01/2005
Sold
$55,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1124 S 8th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,867
4%
$21,120
5%
2022
$1,795
3%
$20,034
4%
2021
$1,736
2%
$19,283
—
2020
$1,701
-3%
$19,312
—
2018
$1,757
—
$19,245
-7%
2018
$1,757
2%
$20,791
1%
2017
$1,720
2%
$20,522
1%
2016
$1,687
1%
$20,223
1%
2015
$1,670
—
$19,981
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1124 S 8th St
1124 S 8th Street, Springfield, IL 62703 (MLS# 12023984) is a Office property. 1124 S 8th Street is currently listed for $65,000 and was received on April 08, 2024. Want to learn more about 1124 S 8th Street? Do you have questions about finding other Office real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.