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    3400 Solar Ave Springfield, IL 62701

    Sponsored
    For Sale
    $89,500

    Wooded acreage, ideal hunting, road access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 12.78-acre property, located at 3400 Solar Avenue in Springfield, Illinois, presents a unique investment opportunity. The land is predominantly wooded and features a tranquil creek running through it, creating a serene and secluded environment. Its special purpose designation offers considerable flexibility for a variety of uses. The property boasts convenient access directly from a public road, ensuring easy accessibility for development or recreational purposes. The asking price for this expansive parcel is $89,500. Situated in Sangamon County, Illinois, with a zip code of 62701, the property's coordinates are 39.7994917 latitude and -89.6498742 longitude. Given its size, natural features, and convenient location, this property is well-suited for those seeking a recreational retreat or a unique commercial development site. The wooded nature of the land provides a significant amount of privacy, while the creek adds to its natural beauty and potential for various uses. The direct road access eliminates any concerns about difficult access, making this a highly attractive and versatile property. Serious inquiries are encouraged.

    Property Features for 3400 Solar Ave

    General Information

    Property type
    Specialty properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Department Store Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6498742
    Latitude
    39.7994917

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    FAQs

    What type of property is this?
    Specialty property - Wooded acreage, ideal hunting, road access.
    Where is this specialty property located?
    The property is located at 3400 Solar Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $89,500.
    (217) 241-0202
    Request Owner's contact information
    3400 Solar Ave Springfield, IL 62701
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    Springfield, IL 62701
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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
    3400 Solar Ave Springfield, IL 62701
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