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    800 Commercial Ave Springfield, IL 62703

    For Sale
    $300,900

    2.5 Acres, I-1 Zoning, $300,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.512-acre commercial land parcel presents a unique investment opportunity in Springfield, Illinois. Strategically located at 800 Commercial Avenue, the property enjoys high visibility and accessibility, situated just off South Dirksen Parkway at the corner of Commercial Avenue and Cook Street. Its prime location offers convenient access to major transportation arteries, including the I-55 & Clear Lake (Route 36) and I-55 & South Grand (Route 29) cloverleaf exchanges, ensuring seamless connectivity for businesses and commuters. The property is zoned I-1 Light Industrial District, providing flexibility for a variety of commercial uses. The land is priced at $2.75 per square foot, with a total asking price of $300,900. 2018 real estate taxes amounted to $5,025.84. Detailed aerial imagery is available upon request, showcasing the property's location and surrounding area. This is an ideal site for businesses seeking a prominent location with excellent access and visibility in a thriving commercial district. The property's size and zoning make it suitable for a range of development possibilities. Don't miss this chance to acquire a valuable piece of commercial real estate in a prime Springfield location. Contact us today to learn more.

    Property Features for 800 Commercial Ave

    General Information

    Property type
    Land
    Lot Size
    109,423 SF

    HighLights

    • 2.51‑acre land parcel.
    • Corner lot at Commercial Ave. and Cook St., off South Dirksen Parkway.
    • Excellent access to I‑55 and nearby highways.
    • I‑1 Light Industrial zoning.
    • 2018 property taxes: $5,025.84
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6079837
    Latitude
    39.7941693

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    FAQs

    What type of property is this?
    Land - 2.5 Acres, I-1 Zoning, $300,900
    Where is this land located?
    The property is located at 800 Commercial Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $300,900.
    What are key features of this property?
    This property features: 2.51-acre land parcel.; Corner lot at Commercial Ave. and Cook St., off South Dirksen Parkway.; Excellent access to I-55 and nearby highways.
    (217) 494-0800
    Request Owner's contact information
    800 Commercial Ave 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
    800 Commercial Ave Springfield, IL 62703
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