2601 Stevenson Dr Springfield, IL 62703
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.
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.