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    13.27 Acre Stanford Ave Springfield, IL 62703

    Sponsored
    For Sale
    $398,100

    Prime 13-acre industrial site in Southern View.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.27-acre industrial land parcel presents a unique investment opportunity in Sangamon County, Illinois. Located on Stanford Avenue in Southern View, with a Springfield address, this property boasts an I-2 zoning designation, making it ideal for a variety of industrial uses. The asking price is $398,100, translating to a land value of $30,000 per acre. The property's APN is 22110126016. All utilities are readily available to the site, simplifying development and operational costs. Situated in the 62703 zip code, this location offers convenient access to major transportation routes, enhancing its logistical appeal for businesses requiring efficient distribution networks. The expansive lot size provides ample space for large-scale industrial projects, warehousing, or manufacturing facilities. This property represents a compelling opportunity for investors and developers seeking a strategically located industrial land parcel in a thriving Illinois market. The property's size and zoning make it suitable for a wide range of industrial developments, offering significant potential for future growth and profitability. Serious inquiries are encouraged.

    Property Features for 13.27 Acre Stanford Ave

    General Information

    Property type
    Land
    Lot Size
    578,041 SF

    HighLights

    • $398,100 asking price for 13.27 acres of industrial land.
    • Located in Southern View, IL (Sangamon County), zip code 62703.
    • I‑2 zoning.
    • $30,000 per acre land value.
    • APN: 22110126016.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6183777
    Latitude
    39.7691007

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    FAQs

    What type of property is this?
    Land - Prime 13-acre industrial site in Southern View.
    Where is this land located?
    The property is located at 13.27 Acre Stanford Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $398,100.
    What are key features of this property?
    This property features: $398,100 asking price for 13.27 acres of industrial land.; Located in Southern View, IL (Sangamon County), zip code 62703.; I-2 zoning.
    Request Owner's contact information
    13.27 Acre Stanford Ave 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
    13.27 Acre Stanford Ave Springfield, IL 62703
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