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    3372 Atlanta St Springfield, IL 62707

    Sponsored
    For Sale
    $89,640

    1.66-acre commercial/industrial lot in Springfield, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.66-acre lot, identified as APN 15180302002, presents a prime development opportunity in Springfield, Illinois. Located at 3372 Atlanta St, Springfield, IL 62707, this property is zoned L-1 and offers excellent visibility. Situated on the frontage road of Farmer's Market and Atlanta Street, it benefits from high traffic counts, with approximately 27,300 vehicles daily passing nearby on I-55, just north of the Sangamon Ave exit. The strategic location also places it in close proximity to Northfield Plaza and S. Dirksen Pkwy, areas boasting significant retail, medical, and restaurant businesses, generating an additional 26,300 vehicles per day. This property is ideal for light industrial or retail development, offering substantial potential for growth and return on investment. The asking price for this lot is $89,640. While this is a single lot, it's part of a larger 20.65-acre parcel that includes other lots of varying sizes, available for sale individually or as a whole. Detailed lot breakdown and pricing information is available upon request. This is a rare opportunity to acquire a well-positioned commercial/industrial lot in a high-traffic area of Springfield.

    Property Features for 3372 Atlanta St

    General Information

    Property type
    Land
    Lot Size
    72,310 SF

    HighLights

    • $89,640 asking price.
    • 1.66‑acre commercial/industrial land parcel.
    • Located in Springfield, IL, Sangamon County, with APN 15180302002.
    • Zoned L‑1.
    • Address: 3372 Atlanta St, Springfield, IL 62707.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.595471742483
    Latitude
    39.836264185257

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    FAQs

    What type of property is this?
    Land - 1.66-acre commercial/industrial lot in Springfield, IL.
    Where is this land located?
    The property is located at 3372 Atlanta St Springfield, IL.
    What is the asking price?
    The asking price for this property is $89,640.
    What are key features of this property?
    This property features: $89,640 asking price.; 1.66-acre commercial/industrial land parcel.; Located in Springfield, IL, Sangamon County, with APN 15180302002.
    Request Owner's contact information
    3372 Atlanta St Springfield, IL 62707
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    Springfield, IL 62707
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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
    3372 Atlanta St Springfield, IL 62707
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