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    3388 Atlanta St Springfield, IL 62707

    Sponsored
    For Sale
    $153,360

    2.84-acre commercial/industrial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This 2.84-acre lot, identified as APN 15180302001, presents a compelling development opportunity in Springfield, Illinois. Located at 3388 Atlanta Street, zip code 62707, this property boasts excellent visibility from Interstate 55, situated on the frontage road of Farmer's Market and Atlanta Street. The high-traffic location benefits from approximately 27,300 vehicles daily passing just north of the Sangamon Avenue exit. Proximity to Northfield Plaza and S. Dirksen Parkway, with their significant retail, medical, and restaurant presence (approximately 26,300 vehicles daily), further enhances the site's commercial viability. This parcel is part of a larger 20.65-acre tract, offering flexibility for individual or combined acquisition. Detailed lot breakdown and pricing information are available upon request. The property's commercial and industrial zoning makes it suitable for a variety of development projects. This prime location and substantial lot size make this an exceptional investment opportunity in a thriving Springfield area.

    Property Features for 3388 Atlanta St

    General Information

    Property type
    Land
    Lot Size
    123,710 SF

    HighLights

    • $153,360 asking price.
    • 2.84‑acre commercial/industrial land parcel.
    • Located at 3388 Atlanta St, Springfield, IL 62707 (APN: 15180302001).
    • Excellent development opportunity with high visibility from I‑55 and proximity to major retail and commercial areas.
    • Frontage road access to Farmer's Market and Atlanta Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.594642870409
    Latitude
    39.836275200421

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    FAQs

    What type of property is this?
    Land - 2.84-acre commercial/industrial lot
    Where is this land located?
    The property is located at 3388 Atlanta St Springfield, IL.
    What is the asking price?
    The asking price for this property is $153,360.
    What are key features of this property?
    This property features: $153,360 asking price.; 2.84-acre commercial/industrial land parcel.; Located at 3388 Atlanta St, Springfield, IL 62707 (APN: 15180302001).
    Request Owner's contact information
    3388 Atlanta St Springfield, IL 62707
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    Springfield, IL 62707
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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
    3388 Atlanta St Springfield, IL 62707
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