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    Prime Commercial Land in Riverton Title is generated by Realmo AI

    2676 Overpass Road, Riverton, IL 62561

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    For Sale
    $1,500,000

    COMMERCIAL - Riverton, IL

    Lot size:
    3.34 Acres
    Added:
    Jul 11, 2025
    Days on Market:
    307
    Last Refresh:
    May 13 at 11:06 am

    Property Features for 2676 Overpass Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C2
    Standard status
    Active
    APN
    15150276008
    Lot size
    3.34 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    738

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Melissa Grady

    Listing agent Melissa Grady License #475114067

    Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL

    Listing date Jul 11, 2025

    MLS# CA1037769

    Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location: Over 20,000 vehicles pass by daily.
    • Excellent highway access: Directly off Interstate 72/36 and Overpass Road with easy in/out access.
    • Divisible lot: Property can be divided into two lots.
    • Proximity to Truck Stop of America: Located right next to a major truck stop.
    • Commercial potential: Adjacent to a 7‑acre trucking and construction facility that is also for sale.
    • Nearby businesses: Located near established businesses like Little Caesar's, Taco John's, Dollar General, Walmart, Lowe's, Menards, Amazon Warehouse, and FedEx.

    Overview

    This 3.34-acre commercial parcel is located in Riverton Interstate Park and offers endless possibilities. The property is conveniently located off Interstate 72/36 and Overpass Road, next to the Truck Stop of America, providing easy highway access. Over 20,000 vehicles pass by this location daily. The land can be divided into two lots to suit different needs. Additional adjacent lots within the campus are also available for purchase. The location presents great business opportunities, especially with the 7-acre, 22,000 sq ft trucking and construction facility next door, which is also for sale. The Riverton Industrial Park currently includes a truck stop, Little Caesar's Pizza, Taco John's, and Dollar General. Nearby businesses include SIC Recycling, Walmart, Lowe's, Menards, Amazon Warehouse, and FedEx. The property is located 8 miles from Springfield. The zoning is C2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Dental Office Auto Repair Shop Kitchen & Bath Showroom Food Market HVAC Service Grocery & Convenience Store Storage Facility Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.52201
    Latitude
    39.844011

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    FAQs

    What type of property is this?
    Commercial land - 3.34 acre commercial parcel with high traffic and highway access.
    Where is this commercial land located?
    The property is located at 2676 Overpass Road Riverton, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High‑traffic location: Over 20,000 vehicles pass by daily.; Excellent highway access: Directly off Interstate 72/36 and Overpass Road with easy in/out access.; Divisible lot: Property can be divided into two lots.
    (217) 691-0999
    We can help!
    Listing Contact
    Melissa Grady
    Real Estate License ID: 475114067
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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