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    6410 6Th St Springfield, IL 62703

    Sponsored
    For Sale
    $47,500

    0.69-acre lot, development ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.69-acre commercial and residentially-zoned lot (S-1) is ideally located in Springfield, Illinois, offering easy access to Interstate 55 via S. 6th St Frontage Rd. Situated just south of the Toronto Rd and I-55 intersection, this property presents a unique opportunity for various development projects. The site boasts on-site utilities, making it ready for immediate development. Potential uses include office space, warehouse facilities, mini-storage units, or multi-family residential construction. The asking price is $47,500, translating to $1.58 per square foot. The property's address is 6410 S 6th St Frontage Rd E, Springfield, IL 62703, and its APN is 22-34.0-177-003. This prime location and versatile zoning make this an exceptional investment opportunity for developers seeking a strategic foothold in a growing area. The property is easily accessible from Toronto Road, turning south onto S. 6th St Frontage Rd, located on the east side of the road. This presents a rare chance to capitalize on the high demand for commercial and residential properties in this thriving Springfield location. Don't miss this chance to acquire a highly desirable development site with excellent interstate access and immediate utility availability.

    Property Features for 6410 6Th St

    General Information

    Property type
    Land
    Lot Size
    30,056 SF

    HighLights

    • Excellent interstate accessibility.
    • On‑site utilities available.
    • Suitable for office, warehouse, mini‑storage, or multi‑family development.
    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
    -89.642364463618
    Latitude
    39.709553545815

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    FAQs

    What type of property is this?
    Land - 0.69-acre lot, development ready
    Where is this land located?
    The property is located at 6410 6Th St Springfield, IL.
    What is the asking price?
    The asking price for this property is $47,500.
    What are key features of this property?
    This property features: Excellent interstate accessibility.; On-site utilities available.; Suitable for office, warehouse, mini-storage, or multi-family development.
    (217) 547-6650
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    6410 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
    6410 6Th St Springfield, IL 62703
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