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    3501 Mitchell Dr Springfield, IL 62711

    For Sale
    $801,051

    Commercial - Springfield, IL

    Lot size:
    4.32 Acres
    Days on Market:
    370
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 3501 Mitchell Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    21-12.0-352-003
    Exterior features
    Level
    Lot size
    4.32 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Bill Marriott (217) 787-7000 License #475116051

    Listing date Dec 11, 2024

    MLS# CA1024321 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

    Springfield Commercial Land For Sale

    This 4.32-acre commercial land parcel is located one block north of Wabash and Happy Landing in Springfield, Illinois. The property is zoned S-2, offering various possibilities for development. An adjacent 3.71-acre parcel is also available and can be combined with this property to create a larger footprint.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.722399
    Latitude
    39.758918

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    FAQs

    What type of property is this?
    Land - 4.32 acre commercial land parcel in Springfield, Illinois.
    Where is this land located?
    The property is located at 3501 Mitchell Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $801,051.
    What are key features of this property?
    This property features: - 4.32 acre lot for sale; - Zoned S-2, offering many possibilities; - Located just 1 block North of Wabash and Happy Landing
    (217) 787-7000
    Request Owner's contact information
    3501 Mitchell Dr Springfield, IL 62711
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    Springfield, IL 62711
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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
    3501 Mitchell Dr Springfield, IL 62711
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