2200 Enterprise St Springfield, IL 62702
This exceptional 7.43-acre property presents a unique development opportunity in Springfield, Illinois. Located at 2200 E Enterprise St, Grandview, IL 62702, this parcel offers a blend of I-2 (Sangamon County) zoning and residential development potential. The land boasts convenient access to North Grand Avenue via several connecting streets, enhancing its appeal for various projects. A portion of the land is cleared, while another section features existing timber, offering flexibility in development plans. The property's frontage on Enterprise Street is relatively small, expanding eastward behind other properties that also front on Enterprise. The asking price for this strategically located parcel is $146,600. Its zoning and accessibility make it an attractive investment for developers seeking a versatile site in a desirable area. The property's size and location provide ample opportunity for a range of development possibilities, making it a compelling investment prospect. Detailed zoning information is available upon request. This is a rare opportunity to acquire a sizable parcel with both industrial and residential zoning potential in a growing area.
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
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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.