1420-1430 6Th St Springfield, IL 62703
This 0.56-acre commercial lot in Springfield, IL, presents a unique redevelopment opportunity. Located at 1420-1430 S 6th St, this hard corner lot boasts over 160 feet of frontage on a high-traffic corridor with a combined 22,500 AADT (Average Annual Daily Traffic). The property's S-3 & B-1 zoning allows for a variety of commercial uses. Its strategic location near Downtown Springfield places it in close proximity to major employers like Springfield Clinic and Hanson Professional Services, as well as numerous established businesses including McDonald's, AT&T, Subway, MotoMart, and Family Dollar. The asking price is $79,900, offering a compelling value proposition at approximately $3.27 per square foot. Multiple curb cuts ensure convenient access for customers and employees. The APN is 22-03.0-102-016, 22-03.0-102-018. This property is for sale by owner and presents a rare chance to acquire a high-visibility site in a thriving area. Don't miss this chance to establish your business in a prime location with exceptional visibility and access. The property is priced to sell quickly.
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.