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    21-22 Atlanta St. & Farmers Market Rd Springfield, IL 62702

    For Sale
    $243,000

    4.5-acre commercial/industrial lot. High visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 4.5-acre parcel, identified as Lots 21-22 on Atlanta Street and Farmers Market Road in Springfield, Illinois (zip code 62702), presents a compelling development opportunity. Zoned I-1, this property boasts a prime location offering high visibility from Interstate 55, benefiting from significant daily traffic volume. Approximately 27,300 vehicles pass the site daily just north of the Sangamon Avenue exit. The strategic positioning near Northfield Plaza and South Dirksen Parkway, areas with substantial retail, medical, and restaurant businesses (experiencing approximately 26,300 vehicles daily), further enhances its appeal. This land is ideal for various commercial or industrial uses, capitalizing on its high-traffic location and accessibility. The asking price for this exceptional property is $243,000. While this listing focuses on the 4.5-acre parcel, please note that additional acreage is available. Contact us for detailed information regarding lot breakdown and pricing for the entire 20.65-acre site.

    Property Features for 21-22 Atlanta St. & Farmers Market Rd

    General Information

    Property type
    Land
    Lot Size
    196,020 SF

    HighLights

    • $243,000 asking price.
    • 4.5‑acre land parcel.
    • Located in Springfield, IL (Sangamon County), at Lots 21‑22 Atlanta St. & Farmers Market Rd., zip code 62702.
    • Zoned I‑1.
    • Excellent development opportunity for light industrial or retail use.
    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 - 4.5-acre commercial/industrial lot. High visibility.
    Where is this land located?
    The property is located at 21-22 Atlanta St. & Farmers Market Rd Springfield, IL.
    What is the asking price?
    The asking price for this property is $243,000.
    What are key features of this property?
    This property features: $243,000 asking price.; 4.5-acre land parcel.; Located in Springfield, IL (Sangamon County), at Lots 21-22 Atlanta St. & Farmers Market Rd., zip code 62702.
    Request Owner's contact information
    21-22 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
    21-22 Atlanta St. & Farmers Market Rd Springfield, IL 62702
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