Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5501 Legacy Ln Springfield, IL 62711

    Sponsored
    For Sale
    $58,000

    LAND - Springfield, IL

    Days on Market:
    136
    Last Refresh:
    Jan 8 at 12:06 pm

    Property Features for 5501 Legacy Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    21100182001

    Utilities

    Water source
    Public

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

    Listing agent Ketki Arya

    Listing date Aug 26, 2025

    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

    Residential Land in Centennial Park

    This corner lot is located in the Centennial Park Place subdivision. The property is over a third of an acre and is located within the New Berlin School District. The site is build-ready and has access to all utilities. The property is located in an established community and offers maintained surroundings. It is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center Auto Repair Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.754768
    Latitude
    39.764978

    Nearby Similar for Sale

    • $795,000
      91.00 Acres

      Well-Maintained Springfield Office Building

      Move-in ready office building with ample parking and functional layout.
      801 S Durkin Dr, Springfield, IL 62704
      View Details
    • $199,900
      Pending

      Springfield Commercial Property Near Capitol

      Corner property near State Capital, suitable for church or offices.
      116 E Edwards St, Springfield, IL 62704
      View Details
    • $1,330,000
      0.12 Acres

      Downtown Springfield Office Building For Sale

      Prime downtown Springfield office building with leased floors.
      600 E Adams St, Springfield, IL 62701
      View Details
    • $1,500,000
      0.74 Acres

      Established Springfield Commercial Package Deal

      Two Subway franchises and a commercial building for sale.
      1295 Toronto Rd, Springfield, IL 62707
      View Details
    • New
      $399,000
      Pending

      Springfield Multifamily Investment Opportunity

      Six-unit apartment building near downtown Springfield.
      102 W Scarritt St, Springfield, IL 62704
      View Details
    • $385,000

      Modern Office Building Near Downtown

      3,715 sq ft office building south of downtown.
      1625 S 6Th St, Springfield, IL 62703
      View Details
    • $850,000

      Spacious Office Building in Springfield

      Well-maintained office building with ample parking and convenient location.
      300 S Grand Ave, Springfield, IL 62704
      View Details
    • New
      $749,000
      0.37 Acres

      Restaurant Building in Springfield, IL

      Move-in ready restaurant with banquet room and updated systems.
      517 S 4Th St, Springfield, IL 62701
      View Details
    • New
      $725,000

      Furnished Historic Apartment Building

      Turnkey investment opportunity with 12 furnished units in Springfield.
      520 S Grand Ave, Springfield, IL 62703
      View Details
    • New
      $725,000

      Furnished Historic Apartment Building Investment

      Turnkey, furnished 12-unit apartment building in Springfield, Illinois.
      520 S Grand Ave, Springfield, IL 62703
      View Details
    • $650,000
      0.50 Acres

      Downtown Springfield Office & Restaurant

      Prime corner location in downtown Springfield with office and restaurant.
      427 Monroe St, Springfield, IL 62701
      View Details
    • $469,900

      Equipped Restaurant and Bar Space

      Turn-key restaurant and bar with ample parking in Springfield.
      301 N Grand Ave, Springfield, IL 62702
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot in established Springfield community, ready to build.
    Where is this residential land & home lot located?
    The property is located at 5501 Legacy Ln Springfield, IL.
    What is the asking price?
    The asking price for this property is $58,000.
    What are key features of this property?
    This property features: - Premier corner lot location.; - Over a third of an acre.; - Located in the desirable New Berlin School District.
    (217) 720-8683
    Request Owner's contact information
    5501 Legacy Ln Springfield, IL 62711
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5501 Legacy Ln
    Springfield, IL 62711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5501 Legacy Ln Springfield, IL 62711
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.