6th St Frontage St Springfield, IL 62703
This exceptional 38.77-acre commercial land parcel in Springfield, Illinois, presents a unique investment opportunity. Located on S 6th Street, this property combines two parcels (22-27.0-300-012 and 22-27.0-401-101), offering significant potential for mixed-use development. The site is ideally suited for a combination of retail and multifamily/apartment construction, capitalizing on its strategic location near various amenities and businesses. The area boasts hotels, gas stations, convenience stores, and a diverse range of professional offices, ensuring high visibility and accessibility. Furthermore, its proximity to the University of Illinois, Lincoln Land Community College (LLCC), and the Capital Area Career Center provides a strong potential tenant base. Please note that city and county approval is required to separate the property from an adjacent parcel. The zoning and specific development possibilities should be verified independently. This large parcel offers a rare chance to create a thriving commercial hub in a vibrant and growing community. The asking price is $750,000. Further details are available upon request. The zip code is 62703.
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
Similar Nearby for Lease
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.