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    Wabash Ave Springfield, IL 62711

    Sponsored
    For Sale
    $8,500,000

    Prime Springfield, IL commercial land, 28+ acres.

    Property size:
    1,306,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 28.79-acre commercial land parcel presents a remarkable investment opportunity in Springfield, Illinois. Located on W Wabash Avenue, this property boasts a significant 1,306,800 square foot area, ideal for large-scale development. The site is strategically positioned in a thriving commercial district, surrounded by established businesses including Wells Fargo, newly constructed Bunn Corporate apartments, and various auto dealerships. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The property is currently held under a partnership ownership and is offered at an asking price of $8,500,000. Its substantial size allows for flexibility in development plans, with the possibility of subdividing the land to suit individual investor needs. This is a rare chance to acquire a substantial tract of land in a high-growth area, ready for immediate development. The property is situated in Sangamon County, Illinois, with a Springfield zip code of 62711. The location offers easy access to major transportation routes, further enhancing its commercial appeal. This presents a unique opportunity for developers and investors seeking a significant land holding in a dynamic and expanding commercial zone. Don't miss this chance to secure a piece of Springfield's vibrant commercial landscape.

    Property Features for 0 Wabash Ave

    General Information

    Property type
    Land
    Square Feet
    1,306,800 SF

    HighLights

    • 28.79‑acre commercial land parcel in Springfield, IL, ideal for large‑scale development.
    • Located on W Wabash Ave., with 1,306,800 square feet, in a thriving commercial district near established businesses.
    • Excellent visibility and accessibility, suitable for various commercial ventures.
    • Asking price: $8,500,000; potential for subdivision.
    • Situated in Sangamon County, zip code 62711, with easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.7105905
    Latitude
    39.7628661

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    FAQs

    What type of property is this?
    Land - Prime Springfield, IL commercial land, 28+ acres.
    Where is this land located?
    The property is located at Wabash Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 28.79-acre commercial land parcel in Springfield, IL, ideal for large-scale development.; Located on W Wabash Ave., with 1,306,800 square feet, in a thriving commercial district near established businesses.; Excellent visibility and accessibility, suitable for various commercial ventures.
    (217) 638-1360
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    Wabash Ave 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
    Wabash Ave Springfield, IL 62711
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