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    1320 S Macarthur Blvd Springfield, IL 62702

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    For Lease
    Contact for pricing

    Commercial land in established area near Springfield business district.

    Property size:
    120,734 SF
    Lot size:
    0.98 Acres

    Property Features for 1320 S Macarthur Blvd

    General Information

    Size
    120,734 SF
    Lot size
    0.98 Acres

    Source: Legacy Commercial Property Agent Legacy Commercial Property

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

    Overview

    Prime Commercial Land Available

    Commercial real estate is available at 1320 S MacArthur Blvd in Springfield, IL. The property is located in a well-established area near the heart of the Springfield business district. This property, a retail staple of the Springfield community for years, is ready for its next generation of retail. The location is on the southeast corner of S MacArthur Blvd and S Grand Ave W. The property size is 120734 square feet. This location is suitable for leasing, build to suit, ground lease, or purchase.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.66803
    Latitude
    39.817734

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    FAQs

    What type of property is this?
    Commercial land - Commercial land in established area near Springfield business district.
    Where is this commercial land located?
    The property is located at 1320 S Macarthur Blvd Springfield, IL.
    What are key features of this property?
    This property features: - Well-established location in Springfield, IL; - Excellent visibility; - Near the heart of the Springfield business district
    (847) 904-9200
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    1320 S Macarthur Blvd 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
    1320 S Macarthur Blvd Springfield, IL 62702
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