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    925 Ridgely Ave Springfield, IL 62702

    For Sale
    $79,000

    Prime I-1 Zoned Lots, Excellent Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional opportunity presents several commercial lots ideally situated at 925 E Ridgely Ave, Springfield, Illinois, 62702. Priced competitively at $79,000, this I-1 zoned land offers significant potential for a variety of commercial uses. The property's location in Sangamon County provides easy access to key transportation routes and amenities, making it an attractive investment for developers and entrepreneurs alike. The sale includes multiple parcels, detailed in the attached addendum A. No existing buildings are included in this sale; the offering is solely for the land itself. This presents a blank canvas for a new commercial venture, allowing for complete customization and design to meet specific business needs. The property's zoning designation, I-1, allows for a range of commercial activities, providing flexibility and adaptability for future development. Prospective buyers are encouraged to review the included addendum A for a complete parcel breakdown and to conduct their own due diligence to confirm suitability for their intended use. This is a rare chance to acquire prime commercial land in a thriving Illinois community. Don't miss this chance to build your business future.

    Property Features for 925 Ridgely Ave

    General Information

    Property type
    Land

    HighLights

    • $79,000 asking price for commercial land.
    • Located at 925 E Ridgely Ave, Springfield, IL 62702.
    • I‑1 zoning.
    • Multiple commercial lots available.
    • Excellent location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vital Records Division Public Health Department

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.642708638203
    Latitude
    39.823620057596

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    FAQs

    What type of property is this?
    Land - Prime I-1 Zoned Lots, Excellent Potential
    Where is this land located?
    The property is located at 925 Ridgely Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: $79,000 asking price for commercial land.; Located at 925 E Ridgely Ave, Springfield, IL 62702.; I-1 zoning.
    Request Owner's contact information
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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
    925 Ridgely Ave Springfield, IL 62702
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