3721 Wollesen Lane, Springfield, IL 62702
MULTI_FAMILY - Springfield, IL
- Added:
- Jul 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 3 at 11:06 pm
Property Features for 3721 Wollesen Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-1 w/mobile home park
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1
- Parking
- 10
- Parking features
- Alley
- Standard status
- Active
- APN
- 14120103014
- Lot size
- 1.58 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT W1/2 NW1/4 12-16-5
- Tax Annual Amount
- 2215
Utilities
- Heating system
- Natural Gas, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1980
- Number of units
- 5
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Jami Winchester License #475109074 (217) 306-1000
Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL (217) 787-7000
Listing date Jul 2, 2026
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
- Mixed‑use B‑1 zoning with variance for a mobile home park
- Vacant front commercial building: 24 x 48, previously rented for $1,300/mo
- Three mobile homes included: rents $650/mo (3727 Wollesen), $750/mo (3721), and tenant‑owned (3725) with $220/mo lot rent
- On‑site utilities and services: Ameren gas, CWLP water/electric, aeration septic
- Roof includes shingle roofing; commercial roof was installed in 2010
- 24 x 48 storage building on the west property line stays; empty lot may allow an additional mobile home
Overview
The property is located at 3721 Wollesen Lane in Springfield, IL 62702, in Sangamon County. The mixed-use zoning and variance are noted as part of the property’s overall approval framework.
For tenants, buyers, or operators, the appeal is the combination of an income-producing mobile home park component and a separate front commercial building that is currently vacant and previously rented for $1,300 per month. With existing utility service, septic, and on-site storage, the property offers a straightforward layout for managing both residential and commercial uses within the variance-supported mobile home park structure.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $18.00 |
| − Vacancy | −$1.7k | −$1.44 |
| EGI | $19.1k | $16.56 |
| − OpEx | −$5.7k | −$4.97 |
| NOI | $13.4k | $11.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6131465
- Latitude
- 39.8561722
