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    3440 E Clear Lake Ave Springfield, IL 62702

    Pending
    For Sale
    $3,800,000

    Commercial - Springfield, IL

    Property size:
    26,430 SF
    Lot size:
    1.01 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 3440 E Clear Lake Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Commercial
    APN
    14360226010
    Parking
    45
    Size
    26,430 SF
    Lot size
    1.01 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1999
    Flooring type
    Carpet, Tile
    Building materials
    Frame, Stone, Stucco
    Roof type
    Composition, Shingle
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Jerry George (217) 787-7000 License #475159363

    Listing date Oct 15, 2025

    MLS# CA1037099 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained Hotel Near Downtown

    This well-run Best Western hotel is located in Springfield, Illinois, providing convenient access to downtown and hospitals via I-72 and I-55. The property features 45 rooms, an indoor pool, an exercise room, and a breakfast area for guests. Its location offers access to the medical district, the state fairgrounds, a new sports complex, retail establishments, and restaurants. The hotel has been maintained at a high level, with improvements completed in the past two years, including a new roof, LED lighting, fitness equipment, beds, and TVs. The property is zoned commercial and has a building size of 26,430 square feet on a 1.01-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Best Western Clearlake ... Hotel

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.600475
    Latitude
    39.801141

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    FAQs

    What type of property is this?
    Hotel - Best Western hotel with 45 rooms, pool, and great access.
    Where is this hotel located?
    The property is located at 3440 E Clear Lake Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: - Prime location with excellent access to I-72 and I-55, downtown Springfield, hospitals, and the new sports complex.; - Recently renovated with a new roof, LED lighting, fitness equipment, beds, and TVs (all within the past 2 years).; - Well-maintained Best Western hotel, indicating a high standard of upkeep.
    (217) 787-7000
    Request Owner's contact information
    3440 E Clear Lake Ave Springfield, IL 62702
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    Springfield, IL 62702
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    Realmo Value Estimation

    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.

    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.

    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
    3440 E Clear Lake Ave Springfield, IL 62702
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