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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2601 Stevenson Dr Springfield, IL 62703

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents 2601 Stevenson Drive in Springfield, Illinois, a prime piece of commercial land currently developed as a modern strip mall. Located in Sangamon County, zip code 62703 (39.7584716, -89.6182122), this property boasts an impressive location with approximately 33,000 vehicles passing daily. The existing strip mall features a diverse tenant mix, ensuring consistent income potential. The property offers outstanding parking for customers and employees, a significant advantage in a high-traffic area. Its strategic location provides easy access to major transportation arteries, with a mere 3-minute drive to the I-55 ramp and a convenient 5-minute commute to downtown Springfield. This makes it an ideal location for businesses seeking high visibility and accessibility. The asking price for this exceptional retail land is $1,100,000. This presents a rare chance to acquire a thriving commercial property in a bustling area of Springfield, offering strong potential for both immediate returns and long-term growth. The property is classified as Commercial Land and Retail.

Property profile
Verified
Property type Retail properties & Spaces
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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