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    510 Apple Orchard Rd Springfield, IL 62703

    For Sale
    $75,000

    0.98-acre lot, ideal commercial development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.98-acre commercial land parcel, located at 510 E Apple Orchard Rd in Springfield, Illinois, presents a unique investment opportunity. Situated in the R5-B General Residence & Office District, this property offers convenient access to a variety of retail, financial, and food establishments, making it an attractive location for various commercial ventures. The lot encompasses approximately 42,546 square feet and is priced at $2.10 per square foot, totaling $75,000. The property comprises portions of tax IDs 22-09.0-478-011, 22-090.0-478-010, and 22-10.0-351-013. 2018 real estate taxes were $2,676.64. This prime location and flexible zoning make this land a highly desirable asset for developers and investors seeking a strategic foothold in a thriving Springfield commercial area. The property's address is 510 E Apple Orchard Rd, Springfield, IL 62703, and its geographic coordinates are 39.7609031 latitude and -89.6491022 longitude. This is a rare opportunity to acquire a well-positioned commercial lot in a high-demand area. Don't miss out on this chance to build your business in a vibrant and accessible location.

    Property Features for 510 Apple Orchard Rd

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • Highly desirable Springfield, IL location, convenient to retail, financial, and food services.
    • ±42,546 SF (±0.98 acre) land parcel.
    • $2.10/SF land price.
    • Property includes portions of tax IDs 22‑09.0‑478‑011, 22‑090.0‑478‑010, and 22‑10.0‑351‑013.
    • R5‑B General Residence & Office zoning.
    • 2018 real estate taxes: $2,676.64.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KB Computer Consulting, ... Business Management Consultant Metro Infusion Center Medical Center BrainBits LLC Biotechnology Company Bless' It Beauty ... Beauty Salon Next Level Mastery ... School

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -89.6491022
    Latitude
    39.7609031

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    FAQs

    What type of property is this?
    Land - 0.98-acre lot, ideal commercial development
    Where is this land located?
    The property is located at 510 Apple Orchard Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Highly desirable Springfield, IL location, convenient to retail, financial, and food services.; ±42,546 SF (±0.98 acre) land parcel.; $2.10/SF land price.
    (217) 494-0800
    Request Owner's contact information
    510 Apple Orchard Rd 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
    510 Apple Orchard Rd Springfield, IL 62703
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