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    6th St & Baker Dr Springfield, IL 62703

    Sponsored
    For Sale
    Contact for pricing

    Prime Springfield, IL commercial lots for sale.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional offering presents several commercial land parcels totaling approximately 50,000 square feet, ideally situated in Springfield, Illinois, at the intersection of South 6th Street and Baker Drive. The property is zoned B-1, permitting a variety of mixed-use office and retail developments. This location boasts high traffic counts due to its proximity to major thoroughfares, including 6th Street and Stevenson Drive, ensuring excellent visibility and accessibility for any business. The site offers convenient access to Interstate highways, the Springfield downtown area, and the Illinois State Capitol, providing a strategic advantage for businesses seeking a central location. The area enjoys a strong existing occupancy base, featuring prominent tenants such as the FBI's new Springfield office, along with various financial, medical, and professional institutions. This established environment provides a stable and thriving commercial ecosystem, making it an attractive investment opportunity. Individual lot pricing is available upon request. This is a rare chance to acquire land in a highly sought-after location with significant development potential. Don't miss this opportunity to establish your business in a vibrant and growing community.

    Property Features for 6th St & Baker Dr

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6445387
    Latitude
    39.7574234

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    FAQs

    What type of property is this?
    Land - Prime Springfield, IL commercial lots for sale.
    Where is this land located?
    The property is located at 6th St & Baker Dr Springfield, IL.
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    6th St & Baker Dr 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
    6th St & Baker Dr Springfield, IL 62703
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