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Property profile & analytics
OFF-MARKET
Land

1420-1430 6Th St Springfield, IL 62703

0.56 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.56 ac (24,394 SF)
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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