3372 Atlanta St Springfield, IL 62707
This exceptional 1.66-acre lot, identified as APN 15180302002, presents a prime development opportunity in Springfield, Illinois. Located at 3372 Atlanta St, Springfield, IL 62707, this property is zoned L-1 and offers excellent visibility. Situated on the frontage road of Farmer's Market and Atlanta Street, it benefits from high traffic counts, with approximately 27,300 vehicles daily passing nearby on I-55, just north of the Sangamon Ave exit. The strategic location also places it in close proximity to Northfield Plaza and S. Dirksen Pkwy, areas boasting significant retail, medical, and restaurant businesses, generating an additional 26,300 vehicles per day. This property is ideal for light industrial or retail development, offering substantial potential for growth and return on investment. The asking price for this lot is $89,640. While this is a single lot, it's part of a larger 20.65-acre parcel that includes other lots of varying sizes, available for sale individually or as a whole. Detailed lot breakdown and pricing information is available upon request. This is a rare opportunity to acquire a well-positioned commercial/industrial lot in a high-traffic area of Springfield.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.