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Property profile & analytics
OFF-MARKET
Land

0 Wabash Ave Springfield, IL 62711

28.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 28.79-acre parcel presents a unique investment opportunity in Springfield, Illinois. Located on Wabash Avenue, this multi-use land is zoned for residential, commercial, and agricultural purposes, offering unparalleled flexibility for development. The property's prime West Side location boasts a thriving business environment, surrounded by established entities such as Wells Fargo, Bunn Corporate, new apartment complexes, and numerous auto dealerships. This strategic positioning ensures high visibility and accessibility, making it ideal for a variety of projects. The expansive acreage is readily divisible, allowing for tailored development plans to suit diverse needs and investment strategies. The asking price for this significant land holding is $8,500,000. The property is held under a partnership ownership structure. This is a rare chance to acquire a substantial tract of land in a rapidly growing area with significant potential for future appreciation. The property's versatility and strategic location make it an attractive proposition for developers, investors, and businesses seeking to establish a presence in a dynamic and prosperous market. The land is ready for immediate development, presenting a compelling opportunity to capitalize on the area's continued growth. Located in Sangamon County, Illinois, with a Springfield zip code of 62711.

Property profile
Verified
Property type Land
Lot 28.79 ac (1,254,092 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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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