Wabash Ave Springfield, IL 62711
- Land
- 1,306,800 SF
Current Use by Public Records
- Land
Property Details for 0 Wabash Ave
- Property size
- 1,306,800 SF
- Property type
- Land
Description
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.
Value Estimations
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AI approach
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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
- -89.7106
- Latitude
- 39.7629