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    OFF-MARKET
    Retail properties & Spaces

    909 Dirksen Pkwy, Springfield, IL 62703

    6,800 SF 3.07 ac lot Built 1991
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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