2200 Hilton Head Dr Springfield, IL 62702
This exceptional 10-acre commercial development lot presents a unique investment opportunity in Springfield, Illinois. Strategically located at the highly visible Sangamon/I-55 interchange, this I-3 zoned property boasts exceptional visibility and accessibility. With an average daily traffic count of 18,700 vehicles on Sangamon Avenue and an impressive 43,600 on I-55, this site offers unparalleled exposure for any commercial venture. The property is ideally suited for a small business park or multiple hotel pads, providing ample space for diverse development options. Currently, a lease is in place with a sign company, generating immediate income potential. Access is conveniently provided off Hilton Head Drive, near Northfield Center, ensuring easy ingress and egress for customers and employees. The asking price for this prime development land is $1,500,000. This location offers significant potential for substantial return on investment due to its high traffic counts and strategic placement near major transportation arteries. Detailed information regarding the current lease and zoning regulations is available upon request. Don't miss this chance to acquire a premier commercial property in a thriving Illinois market.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.