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    3131 Stanton St Springfield, IL 62703

    For Sale
    $495,000

    Prime Springfield, IL commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 495,000 USD commercial land parcel is strategically located at 3131 STANTON Street, Springfield, Illinois, zip code 62703. Situated in Sangamon County, this property presents a unique investment opportunity for developers and businesses seeking a foothold in a thriving Illinois market. The land is classified as commercial and is ready for immediate development. Its precise location offers excellent accessibility and visibility, making it ideal for a wide range of commercial ventures. The property's latitude and longitude coordinates are 39.759321 and -89.627774 respectively, allowing for easy location verification and mapping. This is a special purpose property, presenting a blank canvas for creative commercial development. The asking price is $495,000, representing a compelling entry point into the Springfield commercial real estate market. Serious inquiries are encouraged to explore the potential of this exceptional land parcel and its potential to generate significant returns. Further details regarding zoning and development possibilities are available upon request. Don't miss this chance to acquire a prime piece of commercial land in a dynamic and growing city.

    Property Features for 3131 Stanton St

    General Information

    Property type
    Land

    HighLights

    • 495,000 USD commercial land parcel in Springfield, IL.
    • Located at 3131 STANTON Street, Springfield, IL 62703.
    • Ready for immediate development.
    • Excellent accessibility and visibility.
    • Asking price: $495,000.
    Property Profile Insight Report 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
    -89.627774
    Latitude
    39.759321

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    FAQs

    What type of property is this?
    Land - Prime Springfield, IL commercial lot.
    Where is this land located?
    The property is located at 3131 Stanton St Springfield, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 495,000 USD commercial land parcel in Springfield, IL.; Located at 3131 STANTON Street, Springfield, IL 62703.; Ready for immediate development.
    (217) 241-0202
    Request Owner's contact information
    3131 Stanton 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
    3131 Stanton St Springfield, IL 62703
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