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Zoned Commercial Development Land
For Sale
$71,438

3150 Hollis Drive, Springfield, IL 62707

Development parcel at a high-traffic intersection with zoning allowing commercial, industrial, office, and retail uses.

Property SizeContact for details
Days on Market1228

Property Features for 3150 Hollis Drive

General Information

Standard status Active
Property subtype General Commercial

Additional Details

Traffic Count 26,000 vehicles/day

Taxes and HOA fees

Annual Taxes $14

Amenities

3
Level
Level.
Listing Agency: Todd P Smith Real Estate
Listed By: Todd Smith · License #471004523
Source: Xome
Added: Apr 27, 2023 Changed: Sep 1 Last Checked: Sep 5 at 5:41AM

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 parcel is located off the southwest corner of the Veterans Parkway and Wabash intersection. The area sees over 26,000 vehicles per day on Veterans Parkway, supporting a steady flow of local and commuter traffic. The zoning in this area allows for a wide variety of uses, including commercial, industrial, office, and retail.

The surrounding market includes White Oaks Mall, along with many big box retail centers, restaurants, banks, and office buildings in close proximity. Site 1-008 is identified on the attached brochure.

Key Highlights

  • Development parcel at the southwest corner of Veterans Parkway and Wabash intersection in Springfield
  • Intersection sees over 26,000 vehicles per day on Veterans Parkway
  • Zoning allows a wide variety of uses including commercial, industrial, office, and retail

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Plumbing Service Daycare Center HVAC Service Pet Grooming Service Barber Shop (Bike/Boat/Book/etc) Store

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

845
Businesses Nearby

Demographics for 62707, IL

7,290
Population
3,751
Households
1.9
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
174
Density / Sq Mi
$83,988
Median Household Income
$48,471
Median Earnings
$926
Median Rent
$164,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Development parcel at a high-traffic intersection with zoning allowing commercial, industrial, office, and retail uses.
Where is this commercial land located?
The property is located at 3150 Hollis Drive Springfield, IL.
What is the asking price?
The asking price for this property is $71,438.
What are key features of this property?
This property features: Development parcel at the southwest corner of Veterans Parkway and Wabash intersection in Springfield; Intersection sees over 26,000 vehicles per day on Veterans Parkway; Zoning allows a wide variety of uses including commercial, industrial, office, and retail
More about this property
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