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    FOR SALE
    Commercial real estate

    222 West Reynolds St, Springfield, IL 62702

    Property ID
    US28-2989864
    222 West Reynolds St, Springfield, IL 62702 For Sale
    $125,000
    222 West Reynolds St, Springfield, IL 62702
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    Property summary
    AI-generated overview

    This exceptional 0-acre commercial lot, located at 222 W Reynolds Street in Springfield, Illinois, presents a unique investment opportunity. Situated on a highly visible corner, this property offers unparalleled potential for a diverse range of commercial ventures. Its strategic location near a significant medical complex ensures high traffic and visibility, making it ideal for businesses seeking a strong presence in a thriving area. Currently zoned R-2, the possibilities are extensive, allowing for adaptable development to suit various commercial needs. The asking price of $125,000 represents a compelling entry point into the Springfield commercial real estate market. This vacant lot provides a blank canvas for entrepreneurs and developers to create a profitable and impactful business. The absence of existing structures simplifies the development process, minimizing upfront costs and allowing for maximum design flexibility. Given its prime location and zoning, this property is poised for significant appreciation in value. Serious inquiries are encouraged to explore the full potential of this exceptional investment opportunity. The property's corner location ensures maximum exposure to passing traffic, enhancing visibility and attracting potential customers. This is a rare chance to acquire a strategically located commercial lot in a growing area of Springfield. Don't miss this chance to secure a piece of Springfield's vibrant commercial landscape.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US28-2989864
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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