Property profile

3000 Meadowbrook Rd Springfield, IL 62711

FOR SALE
Commercial land
Property ID
US28-3515767
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Property summary

AI-generated overview

The property is a 1.22-acre site located on Springfield’s Westside on Meadowbrook Drive, north of Wabash. It is zoned S-2, which supports a range of development possibilities. The site is positioned near retail and dining uses, financial institutions, vehicle sales, strip shopping centers, office uses, and nearby residential homes and apartments. Essential utilities including sewer, water, gas, and electric are available on the site, and the location is within minutes of Interstate 72.

Property profile

Verified
Property type Commercial land
UPID US28-3515767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3000 Meadowbrook Rd Springfield, IL 62711
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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