909 Dirksen Pkwy, Springfield, IL 62703
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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