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    16 Farmers Market Rd Springfield, IL 62707

    • Land
    • 11.99 lot acres
    For Sale
    View listing
    $977,760
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 16 Farmers Market Rd

    Lot size
    11.99 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.5942
    Latitude
    39.8384

    Comparable in this City

    • Value Estimation by Request
      2.38 Acres

      17-18 Farmers Market Rd

      Land • 2.38 Acres
      17-18 Farmers Market Rd, Springfield, IL 62707
      View Details
    • Value Estimation by Request
      1.66 Acres

      3372 Atlanta St

      Land • 1.66 Acres
      3372 Atlanta St, Springfield, IL 62707
      View Details
    • Value Estimation by Request
      2.84 Acres

      3388 Atlanta St

      Land • 2.84 Acres
      3388 Atlanta St, Springfield, IL 62707
      View Details
    • Value Estimation by Request
      45.03 Acres

      Toronto Rd

      Land • 45.03 Acres
      0 Toronto Rd, Springfield, IL 62707
      View Details
    • Value Estimation by Request

      4285 Walnut St

      Retail properties
      4285 Walnut St, Springfield, IL 62707
      View Details
    • Value Estimation by Request

      Gatlin Dr

      Distribution properties
      0 Gatlin Dr, Springfield, IL 62707
      View Details

    Similar Nearby for Sale

    • $227,200
      3.55 Acres

      Springfield Industrial Land - $227,200

      3.55-acre commercial/industrial lot
      2531 Farmers Market Rd, Springfield, IL 62707
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    • $128,520
      2.38 Acres

      Springfield Industrial Land - $128,520

      2.38-acre industrial lot, prime location
      17-18 Farmers Market Rd, Springfield, IL 62707
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    • $153,360
      2.84 Acres

      Springfield Industrial Land - $153,360

      2.84-acre commercial/industrial lot
      3388 Atlanta St, Springfield, IL 62707
      View Details
    • $89,640
      1.66 Acres

      Springfield Industrial Land - $89,640

      1.66-acre commercial/industrial lot in Springfield, IL.
      3372 Atlanta St, Springfield, IL 62707
      View Details
    • $414,810
      4.19 Acres

      Springfield Industrial Land - I-1 Zoning

      4.19-Acre Commercial/Industrial Lot
      2601 Farmers Market Rd, Springfield, IL 62707
      View Details
    • $335,750
      4.25 Acres

      Springfield Industrial Land Opportunity

      4.25-acre commercial/industrial lot
      2561 Farmers Market Rd, Springfield, IL 62707
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Springfield Warehouse Space Available

      3,600 sq ft warehouse space for lease in Springfield.
      4179 W Jefferson St, Springfield, IL 62707
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    • Contact for pricing

      Springfield Professional Office Suites Available

      Professional office suites available for rent in Springfield, Illinois.
      3921 Pintail Dr, Springfield, IL 62707
      View Details
    • Contact for pricing
      Pending

      Office Space in Springfield, IL

      Office space with private restrooms and off-street parking.
      3900 Pintail Dr, Springfield, IL 62707
      View Details
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    16 Farmers Market Rd
    Springfield, IL 62707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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