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    1035 Lejune Dr Springfield, IL 62703

    Sponsored
    For Sale
    Contact for pricing

    High-visibility, 1.3-acre restaurant opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.312-acre commercial property, located at 1035 Lejune Drive in Springfield, Illinois (zip code 62703), presents a unique investment opportunity. Zoned for restaurant use and also suitable for development, this site boasts unparalleled visibility at the intersection of I-55 and I-72, ensuring high traffic volume and excellent brand exposure. The property's classification includes both Retail and Land designations, making it ideal for a variety of uses. Its prime location offers the advantage of being situated amongst established businesses, including Walmart, Golden Corral, Pizza Ranch, LaQuinta Inn & Suites, and other retail shops, creating a synergistic environment and attracting a substantial customer base. The property's size provides ample space for a substantial restaurant build-out or a development project that could incorporate multiple retail units. This is a rare opportunity to establish a thriving business in a high-traffic, well-established commercial area. The property's coordinates are 39.7461717 latitude and -89.6426019 longitude, providing easy access for potential buyers to locate and assess the site. This location offers significant potential for growth and profitability. Serious inquiries are encouraged.

    Property Features for 1035 Lejune Dr

    General Information

    Property type
    Restaurants
    Lot Size
    57,151 SF

    HighLights

    • High visibility at I‑55 & I‑72 intersection.
    • Excellent opportunity for restaurant or shadow‑anchored retail.
    • Strong tenant mix including Walmart, Golden Corral, Pizza Ranch & La Quinta Inn.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6426019
    Latitude
    39.7461717

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    FAQs

    What type of property is this?
    Restaurant - High-visibility, 1.3-acre restaurant opportunity.
    Where is this restaurant located?
    The property is located at 1035 Lejune Dr Springfield, IL.
    What are key features of this property?
    This property features: High visibility at I-55 & I-72 intersection.; Excellent opportunity for restaurant or shadow-anchored retail.; Strong tenant mix including Walmart, Golden Corral, Pizza Ranch & La Quinta Inn.
    Request Owner's contact information
    1035 Lejune Dr Springfield, IL 62703
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1035 Lejune Dr Springfield, IL 62703
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