700 E Adams St | Springfield, IL 62701
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- LoopNet Team
700 E Adams St
Springfield, IL 62701
Wyndham Springfield City Centre · Hospitality Property For Sale · 1,365,418 SF
Investment Highlights
- Thirty-story hotel with 369 hotel rooms, 27 apartments, retail, restaurants and meeting space
- Multiple revenue streams, brand new franchised Starbucks on the ground level, 3 cell phones towers currently leased
- expected to trade well below replacement cost, numerous additional untapped revenue sources for a new owner
- Tallest building in the state capital, oversized rooms, steel and concrete construction, 265,207 total square footage, 21 meeting rooms
- Opportunity to capture multimillion dollar city incentives, offered fee-simple, unencumbered by management contracts
- Zoned by Right for 200 apartments, 9 F&B venues totaling 18,520 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 1,365,418 SF |
| Property Subtype | Hotel | No. Stories | 30 |
| Building Class | B | Year Built/Renovated | 1974/2026 |
| Lot Size | 1.16 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.16 AC |
| Building Size | 1,365,418 SF |
| No. Stories | 30 |
| Year Built/Renovated | 1974/2026 |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Convention Hotel
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,261,306 | |
| Land Assessment | $513,374 | Total Assessment | $1,774,680 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$513,374
Improvements Assessment
$1,261,306
Total Assessment
$1,774,680
zoning
| Zoning Code | C |
| C |
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