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    2920 Meadowbrook Rd Springfield, IL 62711

    Sponsored
    For Sale
    $180,774

    COMMERCIAL - Springfield, IL

    Lot size:
    0.83 Acres
    Days on Market:
    221
    Last Refresh:
    Jan 9 at 1:06 pm

    Property Features for 2920 Meadowbrook Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    S-2
    APN
    21110476019
    Lot size
    0.83 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Welcome Home Realty IL. Inc (217) 415-5464 [email protected]

    Listing agent Jennifer Chance

    Listing date Jun 3, 2025

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot in Springfield, IL

    This 0.83-acre lot is located on the west side of Springfield, Illinois, just north of Wabash on Meadowbrook Drive. Zoned S-2, the property offers potential for various commercial opportunities. The location is near restaurants, strip malls, offices, car dealerships, banks, residential homes, and apartments. Sewer, water, gas, and electric utilities are available. The property is located minutes from I-72.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency 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
    -89.72865267
    Latitude
    39.75992642

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    FAQs

    What type of property is this?
    Commercial land - 0.83 acre commercial lot with utilities available.
    Where is this commercial land located?
    The property is located at 2920 Meadowbrook Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $180,774.
    What are key features of this property?
    This property features: - Large .83 Acre Lot; - Zoned S-2 for Numerous Commercial Opportunities; - Prime Westside Location near Wabash and Meadowbrook Dr.
    (217) 415-5464
    Request Owner's contact information
    2920 Meadowbrook Rd 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
    2920 Meadowbrook Rd Springfield, IL 62711
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