Property profile

0 Gatlin Dr Springfield, IL 62707

OFF-MARKET
Warehouses
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Property summary

AI-generated overview

This exceptional 8.28-acre Springfield, Illinois property presents a unique investment opportunity. Currently zoned in a manner that previously allowed for a hotel, its prime location is surrounded by I-1 zoned land, significantly increasing the likelihood of rezoning to I-1. This presents a versatile canvas for various industrial uses. The property's expansive size allows for significant development potential, catering to a wide range of industrial needs. The seller is open to dividing the land into two separate parcels, offering flexibility for buyers seeking smaller footprints or joint ventures. Situated in Sangamon County, Illinois, with a Springfield address on Gatlin Drive, zip code 62707, this location offers convenient access to key transportation routes. The property's latitude and longitude coordinates are 39.8350644 and -89.5836903 respectively. The asking price for this substantial industrial property is $821,000. This represents a compelling investment opportunity in a thriving Illinois market. Serious inquiries are encouraged to explore the potential of this versatile and strategically located property. The property's history as a potential hotel site adds a unique dimension to its potential uses. The flexibility offered by the seller to consider dividing the land into two parcels further enhances its appeal to a broad range of potential buyers.

Property profile

Verified
Property type Warehouses

Cap rate & NOI

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

Location

Gatlin Dr Springfield, IL 62707
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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