Current Use by Public Records
- Land
Property Details for 0 Rt 54 & Gatlin Dr
- Lot size
- 6.28 lot acres
- Property type
- Land
Description
This 6.28-acre commercial land parcel, located at the intersection of RT 54 and Gatlin Drive in Springfield, Illinois (zip code 62704), is offered at $821,000. The land is zoned I-1 (Light Industrial) and presents a significant opportunity for commercial development. The property's strategic location offers excellent visibility and accessibility. Situated near the I-55 and Sangamon Avenue cloverleaf exchange, a high-traffic area experiencing robust commercial and retail growth, the site benefits from proximity to established businesses such as Walmart, Lowe's, Menards, and numerous restaurants and gas stations. The land value is $3 per square foot. The property is within the Springfield/Sangamon County Enterprise Zone, providing access to various state and local business incentives. The 2021 real estate taxes are available upon request. The seller will consider dividing the parcel. This prime location and favorable zoning make this property an attractive investment for developers seeking a foothold in a thriving commercial corridor. Detailed information regarding the Enterprise Zone incentives is available.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6722
- Latitude
- 39.7854
