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    2200 Enterprise St Springfield, IL 62702

    For Sale
    $146,600

    I-2 zoned land, residential potential. Excellent location, great access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.43-acre property presents a unique development opportunity in Springfield, Illinois. Located at 2200 E Enterprise St, Grandview, IL 62702, this parcel offers a blend of I-2 (Sangamon County) zoning and residential development potential. The land boasts convenient access to North Grand Avenue via several connecting streets, enhancing its appeal for various projects. A portion of the land is cleared, while another section features existing timber, offering flexibility in development plans. The property's frontage on Enterprise Street is relatively small, expanding eastward behind other properties that also front on Enterprise. The asking price for this strategically located parcel is $146,600. Its zoning and accessibility make it an attractive investment for developers seeking a versatile site in a desirable area. The property's size and location provide ample opportunity for a range of development possibilities, making it a compelling investment prospect. Detailed zoning information is available upon request. This is a rare opportunity to acquire a sizable parcel with both industrial and residential zoning potential in a growing area.

    Property Features for 2200 Enterprise St

    General Information

    Property type
    Land
    Lot Size
    323,651 SF

    HighLights

    • 7.43‑acre parcel with I‑2 Sangamon County zoning.
    • Excellent North Grand Avenue accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6218528
    Latitude
    39.8134534

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    FAQs

    What type of property is this?
    Land - I-2 zoned land, residential potential. Excellent location, great access.
    Where is this land located?
    The property is located at 2200 Enterprise St Springfield, IL.
    What is the asking price?
    The asking price for this property is $146,600.
    What are key features of this property?
    This property features: 7.43-acre parcel with I-2 Sangamon County zoning.; Excellent North Grand Avenue accessibility.;
    Request Owner's contact information
    2200 Enterprise St 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
    2200 Enterprise St Springfield, IL 62702
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