Technical
Financial
Distress signals
Property profile

634 Grand Ave Springfield, IL 62702

OFF-MARKET
Land
0.49 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 0.49 ac (21,344 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

634 Grand Ave Springfield, IL 62702
Springfield metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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