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Rt 54 & Gatlin Dr Springfield, IL 62704

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For Sale
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6.28-acre lot, ideal for commercial development.

Property Features for 0 Rt 54 & Gatlin Dr

General Information

Property type
Land
Lot Size
273,557 SF

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Listing Contact
Sam Nichols
Sam Nichols

Listing Agency: True Commercial Real Estate Listing Agent: Sam Nichols

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Overview

This 6.28-acre commercial land parcel, located at the intersection of RT 54 and Gatlin Drive in Springfield, Illinois (zip code 62704), is offered at $821,000. The land is zoned I-1 (Light Industrial) and presents a significant opportunity for commercial development. The property's strategic location offers excellent visibility and accessibility. Situated near the I-55 and Sangamon Avenue cloverleaf exchange, a high-traffic area experiencing robust commercial and retail growth, the site benefits from proximity to established businesses such as Walmart, Lowe's, Menards, and numerous restaurants and gas stations. The land value is $3 per square foot. The property is within the Springfield/Sangamon County Enterprise Zone, providing access to various state and local business incentives. The 2021 real estate taxes are available upon request. The seller will consider dividing the parcel. This prime location and favorable zoning make this property an attractive investment for developers seeking a foothold in a thriving commercial corridor. Detailed information regarding the Enterprise Zone incentives is available.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6722171
Latitude
39.7853965

FAQs

What type of property is this?
Land - 6.28-acre lot, ideal for commercial development.
Where is this land located?
The property is located at Rt 54 & Gatlin Dr Springfield, IL.
What is the asking price?
The asking price for this property is $821,000.
What are key features of this property?
This property features: 6.28-acre land parcel.; Prime location at the I-55 & Sangamon Ave. interchange, a high-growth area.; Strong surrounding commercial development including Walmart, Lowe's, Menards, and numerous restaurants and retailers.
(217) 494-0800 Call to check price and availability
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