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    110 Reynolds St Springfield, IL 62702

    Sponsored
    For Sale
    $499,000

    Almost an acre, near medical complex.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional Springfield, IL property offers nearly an acre of combined lots at 110 W Reynolds Street. Priced at $499,000, this general commercial parcel presents a unique investment opportunity due to its versatile zoning and prime location. The substantial size allows for a wide range of development possibilities, making it ideal for various commercial ventures. Its proximity to a significant medical complex further enhances its appeal, providing easy access to a large pool of potential customers and employees. The property's substantial size and strategic location make it an attractive proposition for businesses seeking visibility and convenient access. The combined lots offer ample space for construction or expansion, catering to a diverse range of commercial needs. Serious inquiries are encouraged to explore the potential of this valuable asset and its significant upside in a thriving Springfield location. The property is ready for development and offers a rare chance to establish a strong commercial presence in a high-demand area. Further details regarding zoning and permitted uses are available upon request.

    Property Features for 110 Reynolds St

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -89.65522
    Latitude
    39.80627

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    FAQs

    What type of property is this?
    Commercial real estate - Almost an acre, near medical complex.
    Where is this commercial real estate located?
    The property is located at 110 Reynolds St Springfield, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    (217) 303-8445
    Request Owner's contact information
    110 Reynolds St 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
    110 Reynolds St Springfield, IL 62702
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