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    W Stanford Ave Springfield, IL 62704

    For Sale
    $2,328,000

    3.4 acre development site in high-traffic area.

    Property size:
    3 SF
    Lot size:
    3.40 Acres

    Property Features for W Stanford Ave

    General Information

    Zoning
    I-1, B-1, R-5b, R-2
    Size
    3 SF
    Lot size
    3.40 Acres

    Source: Denise Bean-Mathis Agent Denise Bean-Mathis

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

    Overview

    Premium Development Site Available

    This property is a 3.4-acre development site located at the intersection of Wabash/Stanford and S MacArthur Blvd. The property is situated in a high-traffic area, with 17,400 vehicles per day (VPD) traveling north/south and 25,300 VPD traveling east/west. The surrounding area is experiencing new development and redevelopment. Neighboring businesses include Hy-Vee, Scheels, Casey’s, CVS, Sonic, On Track Car Wash, and Green Hyundai. The parcel tax IDs are 22090151008, 22090151038, 22090151044, 22090151023, 22090176022, 22090179087, and 22090179088.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.651406
    Latitude
    39.76662

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    FAQs

    What type of property is this?
    Land - 3.4 acre development site in high-traffic area.
    Where is this land located?
    The property is located at W Stanford Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $2,328,000.
    What are key features of this property?
    This property features: - 3.4 acre premium development site; - Located in a high-traffic area: 17,400 VPD (north/south) and 25,300 VPD (east/west); - Thriving corridor with new development and redevelopment
    (217) 377-1944
    Request Owner's contact information
    W Stanford 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
    W Stanford Ave Springfield, IL 62704
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