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    W Wabash Ave Springfield, IL 62711

    For Sale
    $7,900,000

    Commercial - Springfield, IL

    Lot size:
    28.79 Acres
    Days on Market:
    201
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for W Wabash Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    21-14.0-100-084
    Exterior features
    Level
    Lot size
    28.79 Acres

    Building Details

    Architectural style
    Other

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

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

    Listing date May 21, 2025

    MLS# CA864 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

    28+ Acres Prime Commercial Land

    This is a commercial land opportunity encompassing over 28 acres, situated on the west side of Wabash Avenue in Springfield, Illinois. The property is zoned for commercial use and is suitable for development. It is located in an area with existing infrastructure and is surrounded by businesses including Wells Fargo, Bunn Corporate, newly constructed apartments, and auto dealerships. The site is conducive to a variety of commercial uses such as nursing home communities, medical buildings, clinics, and gas stations. The total acreage can be divided to suit investor needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.74270932
    Latitude
    39.75570168

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    FAQs

    What type of property is this?
    Commercial land - Development-ready land on Wabash Avenue, Springfield.
    Where is this commercial land located?
    The property is located at W Wabash Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $7,900,000.
    What are key features of this property?
    This property features: - Development-ready land (28+ acres) suitable for various commercial purposes.; - Located on the West side of Wabash, presenting a prime development opportunity.; - Surrounded by established businesses including Wells Fargo, Bunn Corporate, auto dealerships.
    (217) 787-7000
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    W Wabash Ave 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

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    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
    W Wabash Ave Springfield, IL 62711
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