501 Toronto Rd Springfield, IL 62711
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 501 Toronto Rd
- Property type
- Commercial real estate
Description
This exceptional 5.227-acre parcel of land, located at 501 Toronto Road in Springfield, Illinois, presents a unique investment opportunity. Zoned B-1, this property boasts convenient access to all utilities, making it ready for immediate development. The expansive acreage offers significant flexibility, with the possibility of subdivision to accommodate multiple projects. Its strategic location in Springfield, within Sangamon County, and its proximity to major transportation routes, ensures high visibility and accessibility. The B-1 zoning allows for a wide range of commercial uses, including but not limited to hotels, restaurants, convenience stores, and financial institutions. This makes it an attractive proposition for developers seeking a versatile site to build a variety of commercial ventures. The property's size and zoning regulations provide ample opportunity for creative development plans, catering to a diverse range of business needs. The asking price for this exceptional commercial land is $949,000. This represents a compelling investment opportunity in a thriving Illinois market. The property is situated at 39.71467 latitude and -89.649314 longitude, with a zip code of 62711. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.649314
- Latitude
- 39.71467
