Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ±4,685-square-foot freestanding building located at 1700 Wabash Avenue in Springfield, Illinois. Formerly occupied by Hardee’s, the property sits on a ±0.70-acre parcel and features existing drive-thru infrastructure, monument signage, and ample on-site parking. Offered at $1,100,000, this asset provides an excellent opportunity for an owner-user or investor to reposition or lease to a new operator. The property is ideally located along Wabash Avenue near the intersection of Chatham Road—one of Springfield’s busiest retail corridors—with daily traffic counts exceeding 25,000 vehicles. The site is surrounded by major national retailers including Walmart Supercenter, Target, Lowe’s, ALDI, Panera Bread, Chick-fil-A, and Starbucks, as well as strong local businesses and service-based tenants. This corridor continues to attract major private and public investment due to its strong demographics and visibility. Springfield is the capital of Illinois and serves as a stable regional hub for government, healthcare, and education. Recent and ongoing development—such as the $65 million Scheels Sports Park, the new Amazon fulfillment center opening in 2025, and the Downtown & Medical District Master Plan—demonstrates the city’s economic momentum. The property’s combination of flexible reuse potential, strong traffic exposure, and a growing local economy makes it a compelling opportunity for both investors and operators seeking an accessible and well-positioned Central Illinois asset.