Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Gatlin Dr Springfield, IL 62707

    Sponsored
    For Sale
    $821,000

    8.28-Acre Warehouse, I-1 Zoning Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8.28-acre Springfield, Illinois property presents a unique investment opportunity. Currently zoned in a manner that previously allowed for a hotel, its prime location is surrounded by I-1 zoned land, significantly increasing the likelihood of rezoning to I-1. This presents a versatile canvas for various industrial uses. The property's expansive size allows for significant development potential, catering to a wide range of industrial needs. The seller is open to dividing the land into two separate parcels, offering flexibility for buyers seeking smaller footprints or joint ventures. Situated in Sangamon County, Illinois, with a Springfield address on Gatlin Drive, zip code 62707, this location offers convenient access to key transportation routes. The property's latitude and longitude coordinates are 39.8350644 and -89.5836903 respectively. The asking price for this substantial industrial property is $821,000. This represents a compelling investment opportunity in a thriving Illinois market. Serious inquiries are encouraged to explore the potential of this versatile and strategically located property. The property's history as a potential hotel site adds a unique dimension to its potential uses. The flexibility offered by the seller to consider dividing the land into two parcels further enhances its appeal to a broad range of potential buyers.

    Property Features for 0 Gatlin Dr

    General Information

    Property type
    Distribution properties

    HighLights

    • 8.28‑acre Springfield, IL industrial property, $821,000.
    • Previously zoned for a hotel, highly likely to rezone to I‑1.
    • Excellent location near I‑1 zoned land, offering significant development potential.
    • Seller will consider dividing the land into two parcels.
    • Located on Gatlin Drive, Springfield, IL 62707, with convenient access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.5836903
    Latitude
    39.8350644

    Nearby Similar for Sale

    • $795,000
      91.00 Acres

      Well-Maintained Springfield Office Building

      Move-in ready office building with ample parking and functional layout.
      801 S Durkin Dr, Springfield, IL 62704
      View Details
    • $199,900
      Pending

      Springfield Commercial Property Near Capitol

      Corner property near State Capital, suitable for church or offices.
      116 E Edwards St, Springfield, IL 62704
      View Details
    • $1,330,000
      0.12 Acres

      Downtown Springfield Office Building For Sale

      Prime downtown Springfield office building with leased floors.
      600 E Adams St, Springfield, IL 62701
      View Details
    • $1,500,000
      0.74 Acres

      Established Springfield Commercial Package Deal

      Two Subway franchises and a commercial building for sale.
      1295 Toronto Rd, Springfield, IL 62707
      View Details
    • $399,000
      Pending

      Springfield Multifamily Investment Opportunity

      Six-unit apartment building near downtown Springfield.
      1001 S 1St St, Springfield, IL 62704
      View Details
    • $385,000

      Modern Office Building Near Downtown

      3,715 sq ft office building south of downtown.
      1625 S 6Th St, Springfield, IL 62703
      View Details
    • $850,000

      Spacious Office Building in Springfield

      Well-maintained office building with ample parking and convenient location.
      300 S Grand Ave, Springfield, IL 62704
      View Details
    • $799,000
      0.37 Acres

      Restaurant Building in Springfield, IL

      Well-maintained restaurant building with banquet room and updated mechanicals.
      517 S 4Th St, Springfield, IL 62701
      View Details
    • $650,000
      0.50 Acres

      Downtown Springfield Office & Restaurant

      Prime corner location in downtown Springfield with office and restaurant.
      427 Monroe St, Springfield, IL 62701
      View Details
    • $469,900

      Equipped Restaurant and Bar Space

      Turn-key restaurant and bar with ample parking in Springfield.
      301 N Grand Ave, Springfield, IL 62702
      View Details
    • $859,900

      Well-Maintained Apartment Complex Investment

      Turnkey 12-unit apartment complex in excellent location.
      2309 W Lawrence Ave, Springfield, IL 62704
      View Details
    • $3,995,000

      Industrial Warehouse with Office Space

      Springfield industrial warehouse with office and additional storage.
      4650 Industrial Dr, Springfield, IL 62703
      View Details

    FAQs

    What type of property is this?
    Distribution property - 8.28-Acre Warehouse, I-1 Zoning Potential
    Where is this distribution property located?
    The property is located at Gatlin Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $821,000.
    What are key features of this property?
    This property features: 8.28-acre Springfield, IL industrial property, $821,000.; Previously zoned for a hotel, highly likely to rezone to I-1.; Excellent location near I-1 zoned land, offering significant development potential.
    Request Owner's contact information
    Gatlin Dr Springfield, IL 62707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Gatlin Dr
    Springfield, IL 62707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Gatlin Dr Springfield, IL 62707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.