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Unimproved Commercial Land
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For Sale
$175,000

3945 PEORIA Road, Springfield, IL 62702

Land, Springfield, IL

Property SizeContact for details
Lot Size1.11 Acres
Days on Market1

Property Features for 3945 PEORIA Road

General Information

Property type Land
Property subtype Other
Zoning Residential
Lot features Level
High school Springfield District #186
Directions GPS Friendly
Standard status Active
APN 14-11.0-401-033
Lot size 1.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 2 PEORIA PARK EX THE NORTHEASTERLY 123.97'
Tax Annual Amount 693
Legal Description LOT 2 PEORIA PARK EX THE NORTHEASTERLY 123.97'

Utilities

Utilities Natural Gas Available
Water source Public
Listing Agency: The Real Estate Group, Inc.
Listed By: Joshua Kruse · License #475144896
Added: Oct 5 Last Checked: Oct 5 at 7:06PM
MLS# CA1046960

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.

Investment Insights

Based on property information with market context.

This 1.11-acre commercial land parcel is unimproved, leaving the site open for future planning. Public water is available, and natural gas is listed as available. The property is zoned Residential; zoning, permitted uses, utilities, and development requirements should be verified by the buyer.

The parcel fronts Peoria Road in the north Springfield corridor identified as Business I-55/Peoria Road. IDOT roadway data indicates approximately 9,600 annual average daily traffic. I-55, Dirksen Parkway, and Sherman are among the stated nearby access routes. Established commercial properties are also in the surrounding area.

Key Highlights

  • 1.11‑acre unimproved commercial parcel
  • Road frontage along Peoria Road in the Business I‑55/Peoria Road corridor
  • Approximately 9,600 annual average daily traffic, according to IDOT roadway data

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Restaurant HVAC Service Big Box & Wholesale Store Building Supply Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

97
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - An undeveloped parcel with road frontage, public water, and natural gas availability.
Where is this commercial land located?
The property is located at 3945 PEORIA Road Springfield, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1.11‑acre unimproved commercial parcel; Road frontage along Peoria Road in the Business I‑55/Peoria Road corridor; Approximately 9,600 annual average daily traffic, according to IDOT roadway data
More about this property
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