634 Grand Ave Springfield, IL 62702
- Land
- 0.49 lot acres
Current Use by Public Records
- Land
Property Details for 634 Grand Ave
- Lot size
- 0.49 lot acres
- Property type
- Land
Description
This 0.49-acre commercial lot, located at 634 N Grand Ave W in Springfield, Illinois (APN 14280201074), presents a unique redevelopment opportunity. Situated on a lighted intersection in the B-1 Highway Business District, this property boasts excellent corner visibility and convenient access to I-55. Previously a gas station, all underground storage tanks have been removed, simplifying the development process. The location offers proximity to a variety of amenities, including numerous restaurants and retail shops, as well as Lake Springfield. Its strategic position just south of Abraham Lincoln Capital Airport and three miles north of downtown Springfield provides significant advantages. Springfield, the state capital of Illinois, also offers the cultural attractions of various museums in the surrounding area. This prime location and the cleared site make this an exceptional investment for retail or other commercial ventures. The asking price is $213,440. The property's zoning designation is B-1 Highway Business District.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6633
- Latitude
- 39.8158
