Corner Commercial
For Sale
$175,000
700 West Jefferson Street, Springfield, IL 62702
B1-zoned corner parcel with on-site electric, water, gas, and access from two streets.
Property SizeContact for details
Days on Market577
Property Features for 700 West Jefferson Street
General Information
Standard status
Active
Property subtype
Land / Lots & Land
Taxes and HOA fees
Annual Taxes
$17,627
Listing Agency:
The Real Estate Group, Inc.
(217) 691-0999
Listed By:
Melissa Grady · License #475114067
(217) 691-0999
Source:
Compass
Added: Feb 2, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:07AM
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 The Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
This 25,666-square-foot commercial land parcel occupies the corner of West Jefferson and Walnut Streets in Springfield. The property formerly hosted restaurants and is zoned B1. Electric, water, and gas are located on site, supporting commercial redevelopment planning.
The corner records traffic of over 23,000 cars per day and provides two entrances from Walnut Street and West Jefferson Street. The parcel carries a liquor license that follows the property indefinitely. Publicly identified use concepts include a restaurant, video gaming establishment, package liquor store, or coffee shop.
The corner records traffic of over 23,000 cars per day and provides two entrances from Walnut Street and West Jefferson Street. The parcel carries a liquor license that follows the property indefinitely. Publicly identified use concepts include a restaurant, video gaming establishment, package liquor store, or coffee shop.
Key Highlights
- 25,666‑square‑foot corner parcel at West Jefferson and Walnut Streets
- Over 23,000 cars per day pass the property
- B1 zoning with electric, water, and gas on site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - B1-zoned corner parcel with on-site electric, water, gas, and access from two streets.
Where is this commercial land located?
The property is located at 700 West Jefferson Street 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: 25,666‑square‑foot corner parcel at West Jefferson and Walnut Streets; Over 23,000 cars per day pass the property; B1 zoning with electric, water, and gas on site
