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    For Sale (57)

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    Equipped Restaurant and Bar Space
    $469,900

    Equipped Restaurant and Bar Space

    Turn-key restaurant and bar with ample parking in Springfield.

    301 N Grand Ave, Springfield, IL 62702
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    Springfield Commercial Property For Sale
    $540,000

    Springfield Commercial Property For Sale

    Commercial property available in Springfield, Illinois.

    820 Converse Ave, Springfield, IL 62702
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    Prime Commercial Property in Springfield
    $2,400,000
    0.00 Acres

    Prime Commercial Property in Springfield

    9,900 sq ft building on W. Wabash in Springfield.

    4234 Wabash Ave, Springfield, IL 62711
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    Prime Springfield Commercial Land Opportunity
    $1,300,000
    0.00 Acres

    Prime Springfield Commercial Land Opportunity

    20+/- acre commercial property in a rapidly developing area.

    4234 Wabash Ave, Springfield, IL 62711
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    Prime Commercial Land in Springfield
    $265,000

    Prime Commercial Land in Springfield

    1.2 acre commercial property in a rapidly developing area.

    3131 S Meadowbrook Rd, Springfield, IL 62711
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    Springfield Commercial Land For Sale
    $175,000

    Springfield Commercial Land For Sale

    1.80 acre commercial land in a rapidly developing area.

    4320 Acer Grove Dr, Springfield, IL 62711
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    Commercial Land in Springfield, IL
    $195,000

    Commercial Land in Springfield, IL

    Commercial land available in Springfield, Illinois.

    630 N Grand Ave, Springfield, IL 62702
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    Springfield Commercial Development Opportunity
    $1,435,000
    40.78 Acres

    Springfield Commercial Development Opportunity

    40+ acre commercial land for sale in Springfield, IL.

    4685 Wabash Ave, Springfield, IL 62707
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    Springfield Commercial Package Deal
    $999,999
    0.74 Acres

    Springfield Commercial Package Deal

    Remodeled Subway franchise and commercial building for sale in Springfield.

    1295 Toronto Rd, Springfield, IL 62707
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    Prime Commercial Lot in Springfield
    $440,000
    2.46 Acres

    Prime Commercial Lot in Springfield

    2.46 acre commercial lot with B-1 zoning.

    4351 Conestoga Dr, Springfield, IL 62707
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    Springfield Commercial Land For Sale
    $235,000

    Springfield Commercial Land For Sale

    2.04 acre commercial land in a rapidly developing area.

    4380 Acer Grove Dr, Springfield, IL 62711
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    Prime Commercial Land in Springfield
    $135,000

    Prime Commercial Land in Springfield

    1.23 acre commercial land in a rapidly developing area.

    4300 Acer Grove Dr, Springfield, IL 62711
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    Chatham Commercial Building For Sale
    $395,000
    0.93 Acres

    Chatham Commercial Building For Sale

    Commercial building in excellent condition with great visibility and accessibility.

    11 Cottonwood Dr, Chatham, IL 62629
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    Renovated Commercial Building in Springfield
    $225,000
    2,900 SF

    Renovated Commercial Building in Springfield

    Extensively renovated 2,900 SF commercial building with B-1 zoning.

    901 S 11Th St, Springfield, IL 62703
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    Prime Commercial Land on Route 66
    $169,900
    0.81 Acres

    Prime Commercial Land on Route 66

    0.813 acres with high visibility and utilities on site.

    404 S 3Rd St, Girard, IL 62640
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    Residential Land in Springfield, IL
    $65,000
    1.00 Acre

    Residential Land in Springfield, IL

    One-acre residential land with utilities available in Springfield, Illinois.

    1038 N Koke Mill Rd, Springfield, IL 62711
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    Commercial Building in Girard, Illinois
    Contact for pricing

    Commercial Building in Girard, Illinois

    Large brick commercial building in need of repair.

    118 N 1St St, Girard, IL 62640
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    Residential Land in Decatur, IL
    Contact for pricing
    0.53 Acres

    Residential Land in Decatur, IL

    Residential land available in Decatur, Illinois.

    Country Club Meadows Ct, Decatur, IL 62561
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    Turnkey Restaurant Opportunity in Springfield
    $210,000
    1,400 SF

    Turnkey Restaurant Opportunity in Springfield

    Fully equipped restaurant with decades of goodwill in prime location.

    716 E Enos Ave, Springfield, IL 62702
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    Historic Springfield Mixed-Use Opportunity
    $79,900
    0.28 Acres

    Historic Springfield Mixed-Use Opportunity

    Historic mixed-use building near Lincoln's Home, ideal for restoration.

    703 S 8Th St, Springfield, IL 62703
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    Prime Commercial Lot in Springfield
    $440,000

    Prime Commercial Lot in Springfield

    2.46 acre commercial lot with high visibility frontage.

    4351 Conestoga Dr, Springfield, IL 62707
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    Residential Land in Farmersville, IL
    Contact for pricing

    Residential Land in Farmersville, IL

    Land lots available with electric and water on site.

    Lots Sunset Vlg St, Farmersville, IL 62533
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    Prime Land in Springfield, IL
    $225,000
    2.08 Acres

    Prime Land in Springfield, IL

    Two-acre commercial land with frontage on South Park Avenue.

    S Park Ave, Springfield, IL 62704
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    Residential Land in Chatham, Illinois
    $39,900

    Residential Land in Chatham, Illinois

    Residential lot in a premier luxury home development.

    400 Ramblewood Rd, Chatham, IL 62629
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    Exceptional Hunting Property with Income
    $799,000
    120.00 Acres

    Exceptional Hunting Property with Income

    Turnkey hunting destination with tillable and CRP acreage.

    500 N 300 Rd E, Oconee, IL 62553
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    Commercial Property in Virden, IL
    $104,900

    Commercial Property in Virden, IL

    Commercial property for sale in Virden, Illinois.

    423 N Springfield St, Virden, IL 62690
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    Residential Land in Petersburg, IL
    Contact for pricing

    Residential Land in Petersburg, IL

    Sloping lot with utilities at the road.

    107 Centre Dr, Petersburg, IL 62675
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    Vacant Lot Near Fairgrounds
    Contact for pricing

    Vacant Lot Near Fairgrounds

    Vacant residential lot across from Logan County Fairgrounds.

    424 N Jefferson St, Lincoln, IL 62656
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    Established Business with Commercial Shop
    $749,900

    Established Business with Commercial Shop

    Profitable foundation recovery and excavation business with equipment and shop.

    9386 Lk Edwards Dr, Mt Olive, IL 62069
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    Residential Lot in Oak Park
    $53,000

    Residential Lot in Oak Park

    Duplex/condo lot in Oak Park Estates, ready summer 2014.

    Chestnut Dr, Springfield, IL 62711
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    Auto Body Shop with Lot
    $60,000
    0.31 Acres

    Auto Body Shop with Lot

    Auto body shop with adjacent lot in Springfield, Illinois.

    2172 S 16Th St, Springfield, IL 62703
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    Residential Land Parcel in Springfield
    $135,000

    Residential Land Parcel in Springfield

    5.47 acre residential land parcel with commercial potential.

    2102 W Jefferson St, Springfield, IL 62702
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    Residential Land Overlooking Pond
    Contact for pricing

    Residential Land Overlooking Pond

    Residential land for sale overlooking a pond in Petersburg, IL.

    27 E Bluff Cir, Petersburg, IL 62675
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    Prime Commercial Land Opportunity
    $225,000
    2.08 Acres

    Prime Commercial Land Opportunity

    Over 2 acres with frontage on South Park Avenue.

    S Park Ave, Springfield, IL 62704
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    Residential Land in Chatham, IL
    $39,900

    Residential Land in Chatham, IL

    Residential land in the heart of Chatham, Illinois.

    405 Ramblewood Rd, Chatham, IL 62629
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    Residential Land in Petersburg, IL
    Contact for pricing

    Residential Land in Petersburg, IL

    Sloping lot with utilities at the road.

    105 Centre Dr, Petersburg, IL 62675
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    Residential Land in Petersburg, IL
    Contact for pricing

    Residential Land in Petersburg, IL

    Sloping lot with utilities available in Petersburg, Illinois.

    104 Centre Dr, Petersburg, IL 62675
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    Partially Wooded Lot Ready to Build
    $42,000
    2.00 Acres

    Partially Wooded Lot Ready to Build

    Two-acre lot in Petersburg, Illinois, ready for construction.

    50 Hideaway Est St, Petersburg, IL 62675
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    Residential Land in Hurricane Subdivision
    Contact for pricing
    0.76 Acres

    Residential Land in Hurricane Subdivision

    Residential land near Beaver Dam State Park and local attractions.

    Hurricane Dr, Carlinville, IL 62626
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    Residential Land in Petersburg, IL
    Contact for pricing

    Residential Land in Petersburg, IL

    0.90 acre residential lot, ideal for building a home.

    E Bluff Dr, Petersburg, IL 62675
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    Residential Land in Petersburg, IL
    Contact for pricing

    Residential Land in Petersburg, IL

    Residential land with timber in Petersburg, Illinois.

    12 Deer Meadow Ln, Petersburg, IL 62675
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    Residential Land in Cantrall, IL
    Contact for pricing

    Residential Land in Cantrall, IL

    Land for sale in Presidential Lake Estates, Cantrall, IL.

    Estates Presidential Lk, Cantrall, IL 62625
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    Residential Land on the Lake
    Contact for pricing
    0.50 Acres

    Residential Land on the Lake

    Residential land with lake access and seller financing.

    132 Sandy Pt Rd, Athens, IL 62613
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    Residential Land Near Bunn Golf
    $49,900
    4.40 Acres

    Residential Land Near Bunn Golf

    4.4 acres of residential land in Woodside Township.

    lot 1 & 2 Bunn Dr, Springfield, IL 62703
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    Residential Lot with River Views
    Contact for pricing
    0.52 Acres

    Residential Lot with River Views

    Residential land with utilities and Sangamon River Valley views.

    42 Vista Rdg, Petersburg, IL 62675
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    Residential Lot in East Bluff
    Contact for pricing
    0.57 Acres

    Residential Lot in East Bluff

    Residential lot in Petersburg's East Bluff Subdivision.

    45 Vista Rdg, Petersburg, IL 62675
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    Residential Land in Petersburg, IL
    Contact for pricing

    Residential Land in Petersburg, IL

    Residential land with timber in Petersburg, Illinois.

    13 Deer Meadow Ln, Petersburg, IL 62675
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    Residential Land in Springfield, IL
    $139,000
    1.20 Acres

    Residential Land in Springfield, IL

    1.20+/- acre wooded homesite, ideal for walk-out basement.

    3908 Vanderbilt Cir, Springfield, IL 62711
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    Residential Lot in East Bluff
    Contact for pricing
    0.68 Acres

    Residential Lot in East Bluff

    Buildable lot with utilities in Petersburg's East Bluff Subdivision.

    44 Vista Rdg, Petersburg, IL 62675
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    Residential Land with Pond Access
    $49,900
    1.57 Acres

    Residential Land with Pond Access

    1.57 acres in Hurricane Subdivision, Carlinville, Illinois.

    4--7Th Addn, Carlinville, IL 62626
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    Historic Springfield Landmark For Sale
    $295,000

    Historic Springfield Landmark For Sale

    Iconic 1839 building, former home of Norb Andy's Tabarin.

    518 E Capitol Ave, Springfield, IL 62701
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    Residential Land in Sloan Estates
    $85,000

    Residential Land in Sloan Estates

    Desirable residential lot in Springfield, perfect for custom build.

    4623 August Ct, Springfield, IL 62711
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    Residential Land in Chatham, IL
    $39,900

    Residential Land in Chatham, IL

    Residential lot in a premier luxury home development.

    318 Ramblewood Rd, Chatham, IL 62629
    View details
    Residential Lot in Chatham, IL
    $44,900

    Residential Lot in Chatham, IL

    Residential land in Chatham's Premier Luxury Home Development.

    401 Ramblewood Rd, Chatham, IL 62629
    View details
    Land For Sale Girard, IL
    $49,900

    Land For Sale Girard, IL

    Land available for sale in Girard, Illinois, 62640.

    205 S 2Nd St, Girard, IL 62640
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    Waterfront Land on Sangamon River
    $106,000
    4.24 Acres

    Waterfront Land on Sangamon River

    4.24 acre waterfront property with potential for weekend getaway.

    15 16, Petersburg, IL 62675
    View details
    Versatile Commercial Building in Chatham
    $395,000

    Versatile Commercial Building in Chatham

    Excellent condition, flexible layout, ideal for diverse business uses.

    11 Cottonwood Dr, Chatham, IL 62629
    View details

    For Lease (1)

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    Remodeled Commercial Space Available
    Contact for pricing

    Remodeled Commercial Space Available

    Remodeled commercial space ready for a new tenant.

    1439 Stevenson Dr, Springfield, IL 62703
    View details

    Leases and Sales on Map

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    • For Lease

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    RMP of Springfield,LLC dba Remax Professionals
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    RMP of Springfield,LLC dba Remax Professionals
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