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    1420-1430 6Th St Springfield, IL 62703

    Sponsored
    For Sale
    $79,900

    Prime Redevelopment Opportunity, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 0.56-acre commercial lot in Springfield, IL, presents a unique redevelopment opportunity. Located at 1420-1430 S 6th St, this hard corner lot boasts over 160 feet of frontage on a high-traffic corridor with a combined 22,500 AADT (Average Annual Daily Traffic). The property's S-3 & B-1 zoning allows for a variety of commercial uses. Its strategic location near Downtown Springfield places it in close proximity to major employers like Springfield Clinic and Hanson Professional Services, as well as numerous established businesses including McDonald's, AT&T, Subway, MotoMart, and Family Dollar. The asking price is $79,900, offering a compelling value proposition at approximately $3.27 per square foot. Multiple curb cuts ensure convenient access for customers and employees. The APN is 22-03.0-102-016, 22-03.0-102-018. This property is for sale by owner and presents a rare chance to acquire a high-visibility site in a thriving area. Don't miss this chance to establish your business in a prime location with exceptional visibility and access. The property is priced to sell quickly.

    Property Features for 1420-1430 6Th St

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • $79,900 asking price for 0.56‑acre commercial land parcel.
    • High‑traffic corner lot with 22,500 AADT.
    • S‑3 & B‑1 zoning.
    • Located near Downtown Springfield, IL, with proximity to major employers and retail amenities.
    • For sale by owner; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -89.648268797212
    Latitude
    39.786214630384

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    FAQs

    What type of property is this?
    Land - Prime Redevelopment Opportunity, High Visibility
    Where is this land located?
    The property is located at 1420-1430 6Th St Springfield, IL.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: $79,900 asking price for 0.56-acre commercial land parcel.; High-traffic corner lot with 22,500 AADT.; S-3 & B-1 zoning.
    (217) 547-6650
    Request Owner's contact information
    1420-1430 6Th St 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
    1420-1430 6Th St Springfield, IL 62703
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