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    2219 Shale St Springfield, IL 62703

    For Sale
    $90,000

    Prime .87-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional .87-acre commercial lot, located at 2219 Shale Street in Springfield, Illinois, presents a unique investment opportunity. Situated in a prime location, just two blocks east of Dirksen Parkway, this corner lot is zoned B-1 by the City of Springfield. The zoning allows for a wide range of retail and service businesses, including automotive sales and repair. The property's strategic location, coupled with the surrounding developed real estate, ensures stability and potential for strong returns. The lot size is approximately 0.87 acres, offering ample space for various development projects. The asking price is $90,000, translating to a land value of $2.37 per square foot. The 2017 real estate taxes were $856.84. This property offers significant potential for investors seeking a well-located commercial land parcel in a thriving area. Its versatility and prime location make it an attractive option for developers and entrepreneurs alike. Serious inquiries are encouraged. The zip code is 62703, and the property is in Sangamon County.

    Property Features for 2219 Shale St

    General Information

    Property type
    Land
    Lot Size
    37,897 SF

    HighLights

    • ±.87‑acre land area
    • Corner lot, two blocks east of Dirksen Parkway
    • Prime development location
    • B‑1 zoning, City of Springfield
    • Suitable for most retail and service businesses, including automotive sales and repair
    • Surrounding developed properties ensure value stability
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon 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
    -89.6111293
    Latitude
    39.778032

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    FAQs

    What type of property is this?
    Land - Prime .87-acre lot, ideal for development.
    Where is this land located?
    The property is located at 2219 Shale St Springfield, IL.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: ±.87-acre land area; Corner lot, two blocks east of Dirksen Parkway; Prime development location
    (217) 494-0800
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    2219 Shale 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
    2219 Shale St Springfield, IL 62703
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