Toronto Rd Springfield, IL 62707
- Land
- 45.03 lot acres
Current Use by Public Records
- Land
Property Details for 0 Toronto Rd
- Lot size
- 45.03 lot acres
- Property type
- Land
Description
This exceptional 45.03-acre parcel presents a unique mixed-use development opportunity in Springfield, Illinois. Strategically located on the northeast corner of Toronto Road and North Cotton Road, this property enjoys unparalleled visibility and accessibility, situated just off the I-55 Toronto Road interchange. Its prime location places it within a mile of the University of Illinois Springfield (UIS) and Lincoln Land Community College (LLCC), offering significant potential for student housing, retail, and office space. The property is zoned S2 & R3A, permitting both commercial and residential development. Detailed engineering layouts for both residential and commercial applications are available for review. With a daily traffic count of 8,800 vehicles, this site offers exceptional exposure for any commercial venture. The asking price is $850,000. This presents a rare chance to acquire a large, versatile tract of land in a thriving area with high traffic volume and proximity to major educational institutions. The property's size and zoning flexibility allow for a wide range of development possibilities, making it an attractive investment for both experienced developers and new ventures. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6534
- Latitude
- 39.8677
