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    1220 Old Toronto Rd Springfield, IL 62712

    Sponsored
    For Sale
    $999,999

    Prime Springfield, IL commercial land; active bar business.

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    330
    This exceptional $999,999 commercial land opportunity in Springfield, Illinois, presents a unique investment prospect. Located at 1220 Old Toronto Road, zip code 62712, this property features an active bar business currently operating on the site. The bar has recently undergone renovations and includes a beer garden, providing ample space for patrons. The establishment boasts a diverse entertainment offering, including no-cover-charge events, gaming options, a full bar, and a food menu. This turnkey operation presents a significant advantage for a prospective buyer, eliminating the need for extensive start-up costs and allowing immediate revenue generation. The property's location in Springfield, Sangamon County, Illinois, offers excellent visibility and accessibility. The precise dimensions of the land parcel are not specified, but the existing bar and beer garden indicate a substantial area suitable for continued operation or potential redevelopment. This is a rare chance to acquire a thriving business with established clientele and immediate income potential. The property is zoned for commercial use. Serious inquiries are encouraged to explore this lucrative investment further.

    Property Features for 1220 Old Toronto Rd

    General Information

    Property type
    Land

    HighLights

    • $999,999 asking price.
    • Commercial land in Springfield, IL.
    • Located at 1220 Old Toronto Road, Springfield, Sangamon County, IL 62712.
    • Includes an active bar with recent renovations, a beer garden, entertainment, gaming, and food and beverage service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.625486
    Latitude
    39.713626

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    FAQs

    What type of property is this?
    Land - Prime Springfield, IL commercial land; active bar business.
    Where is this land located?
    The property is located at 1220 Old Toronto Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: $999,999 asking price.; Commercial land in Springfield, IL.; Located at 1220 Old Toronto Road, Springfield, Sangamon County, IL 62712.
    Request Owner's contact information
    1220 Old Toronto Rd Springfield, IL 62712
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    Springfield, IL 62712
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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
    1220 Old Toronto Rd Springfield, IL 62712
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