3100 Taylor Ave Springfield, IL 62703
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.