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    2400 Chuckwagon Dr Springfield, IL 62711

    Sponsored
    For Sale
    $629,000

    Prime Springfield location, ideal for office/business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 3.67-acre commercial land parcel, designated Lot 26B within the Prairie Crossing Development, presents a unique investment opportunity in Springfield, Illinois. Situated at the intersection of I-72 and Veterans Parkway (IL Rt 4), this property benefits from its strategic location within a thriving 150-acre mixed-use development. The area boasts a robust concentration of major retail establishments, office spaces, hotels, restaurants, and auto dealerships, ensuring high visibility and accessibility for any business. The property's zoning allows for office or business service uses, making it suitable for a wide range of commercial ventures. The asking price for this strategically positioned land parcel is $629,000. Its proximity to major transportation arteries and established commercial infrastructure makes it an attractive prospect for developers and businesses seeking a prominent presence in Springfield's dynamic commercial landscape. The address is 2400 Chuckwagon Drive, Springfield, IL 62711. This is an excellent opportunity to establish a business in a high-traffic area with significant growth potential. The property is conveniently located near established businesses and amenities.

    Property Features for 2400 Chuckwagon Dr

    General Information

    Property type
    Land

    HighLights

    • $629,000 asking price.
    • 3.67‑acre commercial land parcel.
    • Located in the Prairie Crossing Development, a 150‑acre mixed‑use development.
    • Situated at I‑72 and Veterans Parkway (IL Rt 4) in Springfield, IL.
    • Part of a major retail and office hub with hotels, restaurants, and auto dealers.
    • Broker‑owned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon 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
    -89.699423
    Latitude
    39.739457

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    FAQs

    What type of property is this?
    Land - Prime Springfield location, ideal for office/business.
    Where is this land located?
    The property is located at 2400 Chuckwagon Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: $629,000 asking price.; 3.67-acre commercial land parcel.; Located in the Prairie Crossing Development, a 150-acre mixed-use development.
    (217) 241-0202
    Request Owner's contact information
    2400 Chuckwagon Dr Springfield, IL 62711
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    Springfield, IL 62711
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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
    2400 Chuckwagon Dr Springfield, IL 62711
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