Property profile

909 Dirksen Pkwy Springfield, IL 62703

OFF-MARKET
Retail properties & Spaces
6,800 SF 3.07 ac lot Built 1991
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This vacant 6,800 square foot former auto dealership, situated on approximately 3.07 acres of land in Springfield, Illinois, presents a significant repositioning opportunity. Located on South Dirksen Parkway, a major thoroughfare known as "Auto Row," the property benefits from high visibility and significant daily traffic volume (approximately 19,400 vehicles per day). The site boasts five convenient ingress and egress points, enhancing accessibility for customers and employees. Built in 1991, the building offers ample space for a variety of uses, capitalizing on its strategic location near the intersection of Interstates 72 and 55 (combined traffic volume of approximately 66,000 vehicles per day). The property's location within a five-mile radius of a population of approximately 119,000 residents and its proximity to the University of Illinois Springfield (four miles) and downtown Springfield (2.7 miles) further enhance its appeal. The asking price is $900,000, translating to $132.35 per square foot. The property is offered fee simple and has an APN of 14-36.0-327-042. This is a rare opportunity to acquire a substantial property in a prime location with high traffic counts and strong demographics.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1991
Total area 6,800 SF
Lot 3.07 ac (133,729 SF)

Cap rate & NOI

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

Location

909 Dirksen Pkwy Springfield, IL 62703
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 909 Dirksen Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message