2927 Old Rochester Rd Springfield, IL 62703
This exceptional two-acre commercial land parcel, encompassing 95,191 square feet, presents a remarkable investment opportunity in Springfield, Illinois. Located at 2927 Old Rochester Road, this property enjoys a highly desirable position between South Grand Avenue and Dirksen Parkway, offering unparalleled accessibility and visibility. Its strategic placement provides easy access to major commercial thoroughfares and interstates I-55 and I-72 (conveniently located near I-55 Exit 96). The property is zoned I-1, making it suitable for a variety of commercial and light industrial uses, including flex space, warehousing, manufacturing, and distribution facilities. This versatile site is situated within a Springfield enterprise zone, potentially offering significant economic advantages. The asking price for this prime commercial land is $380,000. Given its size, location, and zoning, this property represents a rare chance to acquire a highly valuable asset with significant potential for growth and return on investment in a thriving commercial area. Don't miss this opportunity to secure a foothold in a dynamic and accessible location.
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
Similar Nearby for Lease
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.