0 Wabash Ave, Springfield, IL 62711
This exceptional 28.79-acre commercial land parcel presents a remarkable investment opportunity in Springfield, Illinois. Located on W Wabash Avenue, this property boasts a significant 1,306,800 square foot area, ideal for large-scale development. The site is strategically positioned in a thriving commercial district, surrounded by established businesses including Wells Fargo, newly constructed Bunn Corporate apartments, and various auto dealerships. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The property is currently held under a partnership ownership and is offered at an asking price of $8,500,000. Its substantial size allows for flexibility in development plans, with the possibility of subdividing the land to suit individual investor needs. This is a rare chance to acquire a substantial tract of land in a high-growth area, ready for immediate development. The property is situated in Sangamon County, Illinois, with a Springfield zip code of 62711. The location offers easy access to major transportation routes, further enhancing its commercial appeal. This presents a unique opportunity for developers and investors seeking a significant land holding in a dynamic and expanding commercial zone. Don't miss this chance to secure a piece of Springfield's vibrant commercial landscape.
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
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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.