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    2200 Hilton Head Dr Springfield, IL 62702

    Sponsored
    For Sale
    $1,500,000

    10-Acre Commercial Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10-acre commercial development lot presents a unique investment opportunity in Springfield, Illinois. Strategically located at the highly visible Sangamon/I-55 interchange, this I-3 zoned property boasts exceptional visibility and accessibility. With an average daily traffic count of 18,700 vehicles on Sangamon Avenue and an impressive 43,600 on I-55, this site offers unparalleled exposure for any commercial venture. The property is ideally suited for a small business park or multiple hotel pads, providing ample space for diverse development options. Currently, a lease is in place with a sign company, generating immediate income potential. Access is conveniently provided off Hilton Head Drive, near Northfield Center, ensuring easy ingress and egress for customers and employees. The asking price for this prime development land is $1,500,000. This location offers significant potential for substantial return on investment due to its high traffic counts and strategic placement near major transportation arteries. Detailed information regarding the current lease and zoning regulations is available upon request. Don't miss this chance to acquire a premier commercial property in a thriving Illinois market.

    Property Features for 2200 Hilton Head Dr

    General Information

    Property type
    Specialty properties

    HighLights

    • $1,500,000 asking price.
    • 10‑acre commercial development lot in Springfield, IL.
    • Excellent location at the Sangamon/I‑55 interchange, near Northfield Center.
    • I‑3 zoning.
    • High traffic counts: 18,700 AADT on Sangamon Ave, 43,600 AADT on I‑55.
    • Currently leased to a sign company.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage 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
    -89.5995801
    Latitude
    39.8336698

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    FAQs

    What type of property is this?
    Specialty property - 10-Acre Commercial Lot, High Traffic
    Where is this specialty property located?
    The property is located at 2200 Hilton Head Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 10-acre commercial development lot in Springfield, IL.; Excellent location at the Sangamon/I-55 interchange, near Northfield Center.
    (217) 787-7000
    Request Owner's contact information
    2200 Hilton Head Dr 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
    2200 Hilton Head Dr Springfield, IL 62702
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