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Property profile

0 Atlanta St & Farmers Market Rd Springfield, IL 62702

OFF-MARKET
Land
20.65 ac lot
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Property summary

AI-generated overview

This exceptional 20.65-acre industrial land parcel presents a significant development opportunity in Springfield, Illinois. Strategically located on Atlanta Street and Farmers Market Road, this property boasts high visibility from I-55, with approximately 27,300 vehicles passing daily just north of the Sangamon Ave exit. The site comprises eight individual parcels ranging from 1.19 to 4.25 acres, offering flexibility for various development scenarios; they can be purchased individually or as a whole for $1,463,200. The I-1 zoning permits a range of light industrial and retail uses. The property's advantageous location near Northfield Plaza and S. Dirksen Parkway, areas with substantial retail, medical, and restaurant establishments (experiencing approximately 26,300 vehicles daily), further enhances its appeal. Detailed lot breakdown and pricing information are available upon request. Tax parcel numbers include: 15180102009, 15180301001, 15180301002, 15180301003, 15180301004, 15180301006, 15180302001, and 15180302002. This property is perfectly situated to capitalize on the area's strong commercial activity and high traffic counts. Don't miss this chance to acquire a prime piece of Springfield real estate.

Property profile

Verified
Property type Land
Lot 20.65 ac (899,514 SF)

Cap rate & NOI

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

Location

Atlanta St & Farmers Market Rd Springfield, IL 62702
Springfield metro
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Value estimations

Realmo proprietary · 4 methods
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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
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