Property summary
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
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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