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Infill Development Land Parcel
For Sale
$142,877

3120 Progress Drive, Springfield, IL 62704

Land parcel near White Oaks Mall with access to a mix of retail, office, restaurant, and other commercial uses.

Property SizeContact for details
Days on Market1229

Property Features for 3120 Progress Drive

General Information

Standard status Active
Property subtype General Commercial

Additional Details

Traffic Count 26,000 vehicles/day

Taxes and HOA fees

Annual Taxes $75

Amenities

3
Level
Level.
Listing Agency: Todd P Smith Real Estate
Listed By: Todd Smith · License #471004523
Source: Xome
Added: Apr 26, 2023 Changed: Sep 2 Last Checked: Sep 5 at 5:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Todd P Smith Real Estate

Investment Insights

Based on property information with market context.

This development land parcel is identified as 2-002 in the attached brochure and is positioned within the center of activity in southwest Springfield. The property is described as an infill development opportunity, surrounded by retail, office, restaurant, and other mixed-use commercial development.

The site is located near White Oaks Mall on Veterans & Wabash, which is noted as having over 26,000 ADT. The area also includes single- and multi-family residential developments just minutes away, supporting a dense, established commercial environment for nearby daily activity.

The offering is for the land parcel only, presented as a packaged development site for future use.

Key Highlights

  • Level lot with level topography.
  • In‑fill development site in southwest Springfield.
  • Near White Oaks Mall at Veterans & Wabash, with 26,000+ ADT.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Auto Repair Shop Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

26,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

743
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Land parcel near White Oaks Mall with access to a mix of retail, office, restaurant, and other commercial uses.
Where is this commercial land located?
The property is located at 3120 Progress Drive Springfield, IL.
What is the asking price?
The asking price for this property is $142,877.
What are key features of this property?
This property features: Level lot with level topography.; In‑fill development site in southwest Springfield.; Near White Oaks Mall at Veterans & Wabash, with 26,000+ ADT.
More about this property
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