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    1035 Lejune Dr Springfield, IL 62703

    Sponsored
    For Lease
    Contact for pricing

    1.31-Acre Lot, Single Tenant Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.31-acre commercial land parcel presents a prime development opportunity in Springfield, Illinois. Located at 1035 Lejune Drive, this single-tenant site offers significant potential for various commercial ventures. The property is situated in Sangamon County, boasting convenient access to key transportation routes and amenities within the vibrant Springfield community. The expansive lot size provides ample space for constructing a new building or expanding an existing operation. With its strategic location and considerable acreage, this property is ideal for businesses seeking a prominent presence in a thriving market. The zoning allows for a variety of commercial uses, making it a versatile option for entrepreneurs and investors alike. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location, offering significant long-term growth potential. The property is ready for immediate development, presenting a unique chance to build a custom-designed facility tailored to specific business needs. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to secure a prime piece of Springfield commercial real estate. The address is 1035 Lejune Dr, Springfield, IL 62703.

    Property Features for 1035 Lejune Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Lot
    Size
    0 SF

    HighLights

    • 1.31‑acre commercial land parcel in Springfield, IL, at 1035 Lejune Dr.
    • High visibility at the I‑55 & I‑72 intersection.
    • Excellent opportunity for restaurant or shadow‑anchored retail development.
    • Join established national retailers including Walmart, Golden Corral, Pizza Ranch, and La Quinta Inn.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -89.6426019
    Latitude
    39.7461717

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    FAQs

    What type of property is this?
    Land - 1.31-Acre Lot, Single Tenant Potential
    Where is this land located?
    The property is located at 1035 Lejune Dr Springfield, IL.
    What are key features of this property?
    This property features: 1.31-acre commercial land parcel in Springfield, IL, at 1035 Lejune Dr.; High visibility at the I-55 & I-72 intersection.; Excellent opportunity for restaurant or shadow-anchored retail development.
    Request Owner's contact information
    1035 Lejune Dr 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
    1035 Lejune Dr Springfield, IL 62703
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