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    17-18 Farmers Market Rd Springfield, IL 62707

    Sponsored
    For Sale
    $128,520

    2.38-acre industrial lot, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2.38-acre industrial land parcel, designated Lots 17-18 on Farmers Market Road in Springfield, Illinois (zip code 62707), presents a compelling development opportunity. Zoned L-1, this property boasts high visibility from I-55, situated on the frontage road of Farmers Market Road and Atlanta Street. The strategic location benefits from significant daily traffic counts, with approximately 27,300 vehicles passing the site just north of the Sangamon Ave exit. Furthermore, its proximity to Northfield Plaza and S. Dirksen Parkway, areas with substantial retail, medical, and restaurant businesses (approximately 26,300 vehicles daily), enhances its commercial potential. This property is ideal for various industrial and commercial uses, offering excellent access and exposure to a large consumer base. The asking price for this exceptional lot is $128,520. While this listing focuses on Lots 17-18 (2.38 acres), it's important to note that this is part of a larger 20.65-acre parcel that includes eight individual lots ranging in size from 1.19 to 4.25 acres, available for sale individually or as a whole. Detailed lot breakdown and pricing information are available upon request.

    Property Features for 17-18 Farmers Market Rd

    General Information

    Property type
    Land
    Lot Size
    103,673 SF

    HighLights

    • $128,520 asking price.
    • 2.38‑acre land parcel.
    • Located in Springfield, IL, zoned I‑1.
    • Lots 17‑18, Farmers Market Road, Springfield, IL 62707.
    • Excellent development opportunity for light industrial or retail use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop 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
    -89.596395782354
    Latitude
    39.836248626182

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    FAQs

    What type of property is this?
    Land - 2.38-acre industrial lot, prime location
    Where is this land located?
    The property is located at 17-18 Farmers Market Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $128,520.
    What are key features of this property?
    This property features: $128,520 asking price.; 2.38-acre land parcel.; Located in Springfield, IL, zoned I-1.
    Request Owner's contact information
    17-18 Farmers Market Rd 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
    17-18 Farmers Market Rd Springfield, IL 62707
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