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    3130 Wabash Ave Springfield, IL 62704

    For Sale
    Contact for pricing

    Available lots in high-traffic commercial area of Springfield, Illinois.

    Lot size:
    4.42 Acres

    Property Features for 3130 Wabash Ave

    General Information

    Lot size
    4.42 Acres

    Source: Todd P Smith Commercial Real Estate Agent Todd P. Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    Available lots are situated in the center of activity in southwest Springfield, with frontage on Wabash Avenue. These in-fill development lots are located off the southwest corner of the Veterans Parkway and Wabash intersection, which experiences over 30,000 cars daily on Veterans Parkway. This location is near White Oaks Mall, big box retail centers, restaurants, and office buildings. The zoning in this area allows for a wide variety of uses, such as commercial industrial, office, and retail. The lots are contiguous up to approximately 8.5 acres.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.714143
    Latitude
    39.760822

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    FAQs

    What type of property is this?
    Land - Available lots in high-traffic commercial area of Springfield, Illinois.
    Where is this land located?
    The property is located at 3130 Wabash Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $3.
    What are key features of this property?
    This property features: - Prime commercial location at the Veterans Pkwy and Wabash intersection.; - High traffic area with over 30,000 cars per day on Veterans Pkwy.; - Located in the center of commercial expansion in southwest Springfield.
    (217) 441-8000
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    3130 Wabash Ave Springfield, IL 62704
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    Springfield, IL 62704
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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
    3130 Wabash Ave Springfield, IL 62704
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