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    5300 6Th St Springfield, IL 62703

    Sponsored
    For Sale
    $110,000

    High-visibility commercial lot near I-55/I-72.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This 110,000 USD commercial land parcel is ideally situated at 5300 S 6th Street Frontage Road in Springfield, Illinois, zip code 62703. Boasting excellent visibility to Interstate 55, this property offers unparalleled access and exposure for businesses seeking a prime location. Its strategic placement near the crossroads of I-55 and I-72 ensures high traffic volume and easy accessibility for customers and employees. The property's proximity to the University of Illinois Springfield and Lincoln Land Community College provides a substantial pool of potential customers and employees. Furthermore, the abundance of nearby restaurants and hotels adds to the convenience and appeal of this location. Springfield, Illinois presents a robust business environment, supported by a strong labor force within a 60-minute drive. This labor force comprises 669,909 individuals, with a prime-age participation rate of 82.8%. This makes this lot an exceptional investment opportunity for developers and businesses seeking to establish a presence in a thriving market. The property is classified as commercial land and is ready for development. The asking price is $110,000. This is a rare opportunity to acquire a high-visibility commercial lot in a desirable location with strong economic indicators.

    Property Features for 5300 6Th St

    General Information

    Property type
    Land

    HighLights

    • 110,000 SF commercial land parcel at 5300 S 6th Street, Springfield, IL 62703.
    • High visibility from I‑55, offering excellent access and exposure.
    • Strategic location near I‑55 and I‑72 intersections ensures high traffic.
    • Proximity to UIS and Lincoln Land Community College provides a large potential customer/employee base.
    • $110,000 asking price; ready for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Illuminative Strategies Business Management Consultant CCB Credit Services Credit Counseling Service TCS United, Inc Corporate Office

    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
    -89.6422695
    Latitude
    39.7228128

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    FAQs

    What type of property is this?
    Land - High-visibility commercial lot near I-55/I-72.
    Where is this land located?
    The property is located at 5300 6Th St Springfield, IL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 110,000 SF commercial land parcel at 5300 S 6th Street, Springfield, IL 62703.; High visibility from I-55, offering excellent access and exposure.; Strategic location near I-55 and I-72 intersections ensures high traffic.
    Request Owner's contact information
    5300 6Th St Springfield, IL 62703
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    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
    5300 6Th St Springfield, IL 62703
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