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Property profile & analytics
OFF-MARKET
Specialty properties

6th St Frontage St Springfield, IL 62703

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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