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    3100 Taylor Ave Springfield, IL 62703

    For Sale
    $100,000

    0.73-acre lot, ideal retail/office development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.73-acre commercial land parcel presents a prime opportunity for development in Springfield, Illinois. Located at 3100 Taylor Avenue, this level lot boasts convenient access and high visibility. The property is zoned B-1, Highway Business, allowing for a variety of retail and office uses. Its strategic location in Springfield's southeast quadrant offers easy ingress and egress, situated just half a mile from the I-55/72 Adlai Stevenson Drive exit. This ensures excellent connectivity and accessibility for potential businesses and customers. The site benefits from a prominent frontage on Taylor Avenue, providing ample visibility and convenient access. Furthermore, the property enjoys a strong surrounding demographic, with nearby residential areas providing a substantial customer base. The immediate vicinity includes established businesses such as CVS, Walgreens, Circle K, Bank of Springfield, Papa John's, and Hardee's, creating a vibrant and thriving commercial environment. The asking price for this exceptional development opportunity is $100,000. The APN is 22 11.0 477 037. Don't miss this chance to acquire a highly desirable commercial lot in a prime Springfield location.

    Property Features for 3100 Taylor Ave

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • High‑traffic corner location.
    • Excellent access and visibility.
    • Strong residential demographics.
    Property Profile Insight Report 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 Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.615841
    Latitude
    39.759003

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    FAQs

    What type of property is this?
    Land - 0.73-acre lot, ideal retail/office development.
    Where is this land located?
    The property is located at 3100 Taylor Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: High-traffic corner location.; Excellent access and visibility.; Strong residential demographics.
    (217) 918-0871
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    3100 Taylor Ave 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
    3100 Taylor Ave Springfield, IL 62703
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