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    2531 N Farmers Market Rd Springfield, IL 62707

    For Sale
    $227,200

    20.65 acres of commercial land available for development.

    Lot size:
    3.55 Acres

    Property Features for 2531 N Farmers Market Rd

    General Information

    Lot size
    3.55 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Denise Bean-Mathis

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

    Overview

    Development Opportunity: Multiple Commercial Parcels

    This offering presents a development opportunity consisting of eight parcels totaling 20.65 acres. The individual lots range in size from 1.19 acres to 4.25 acres. The parcels can be purchased together or separately.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.594269
    Latitude
    39.837715

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    FAQs

    What type of property is this?
    Land - 20.65 acres of commercial land available for development.
    Where is this land located?
    The property is located at 2531 N Farmers Market Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $227,200.
    What are key features of this property?
    This property features: - Excellent development opportunity.; - Total of 20.65 acres.; - 8 parcels available.
    (217) 377-1944
    Request Owner's contact information
    2531 N Farmers Market Rd Springfield, IL 62707
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    Springfield, IL 62707
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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
    2531 N Farmers Market Rd Springfield, IL 62707
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