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    Atlanta St & Farmers Market Rd Springfield, IL 62702

    Sponsored
    For Sale
    $1,463,200

    Prime I-1 zoned land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 20.65-acre industrial land parcel presents a significant development opportunity in Springfield, Illinois. Strategically located on Atlanta Street and Farmers Market Road, this property boasts high visibility from I-55, with approximately 27,300 vehicles passing daily just north of the Sangamon Ave exit. The site comprises eight individual parcels ranging from 1.19 to 4.25 acres, offering flexibility for various development scenarios; they can be purchased individually or as a whole for $1,463,200. The I-1 zoning permits a range of light industrial and retail uses. The property's advantageous location near Northfield Plaza and S. Dirksen Parkway, areas with substantial retail, medical, and restaurant establishments (experiencing approximately 26,300 vehicles daily), further enhances its appeal. Detailed lot breakdown and pricing information are available upon request. Tax parcel numbers include: 15180102009, 15180301001, 15180301002, 15180301003, 15180301004, 15180301006, 15180302001, and 15180302002. This property is perfectly situated to capitalize on the area's strong commercial activity and high traffic counts. Don't miss this chance to acquire a prime piece of Springfield real estate.

    Property Features for 0 Atlanta St & Farmers Market Rd

    General Information

    Property type
    Land
    Lot Size
    899,514 SF

    HighLights

    • $1,463,200 asking price for 20.65 acres of industrial land.
    • Located in Springfield, IL, zoned I‑1.
    • High‑traffic location on Atlanta Street & Farmers Market Road, visible from I‑55, near major retail and medical facilities.
    • Eight parcels available, ranging from 1.19 to 4.25 acres, individually or as a whole.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.5942258
    Latitude
    39.8362726

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    FAQs

    What type of property is this?
    Land - Prime I-1 zoned land, ideal for development.
    Where is this land located?
    The property is located at Atlanta St & Farmers Market Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $1,463,200.
    What are key features of this property?
    This property features: $1,463,200 asking price for 20.65 acres of industrial land.; Located in Springfield, IL, zoned I-1.; High-traffic location on Atlanta Street & Farmers Market Road, visible from I-55, near major retail and medical facilities.
    Request Owner's contact information
    Atlanta St & Farmers Market Rd Springfield, IL 62702
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    Springfield, IL 62702
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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
    Atlanta St & Farmers Market Rd Springfield, IL 62702
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