2901 White Oaks Dr Springfield, IL 62704
This exceptional 1.5-acre commercial land parcel, located at 2901 W White Oaks Dr, Springfield, IL 62704, presents a unique investment opportunity. Situated directly behind White Oaks Plaza and the Mall at White Oaks, this pad-ready site boasts convenient access to major thoroughfares like Veterans Parkway (28,700 AADT) and Wabash Avenue (22,100 AADT), ensuring high visibility and significant traffic exposure. All utilities are already in place, and an existing retention pond is included, simplifying the development process and reducing upfront costs. The property is zoned S-2, Community Shopping and Office District, allowing for a variety of commercial uses. Its prime location near a host of nationally recognized retailers and restaurants guarantees a strong customer base. This is a high-value site ripe for development, offering significant potential for immediate returns and long-term growth. The property is owned by a trust and is being offered for sale at $325,000. The APN is 21-12.0-229-022. This is a truly exceptional opportunity to acquire a highly desirable commercial property in a thriving retail corridor.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.