Property profile

17-18 Farmers Market Rd Springfield, IL 62707

OFF-MARKET
Land
2.38 ac lot
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Property summary

AI-generated overview

This exceptional 2.38-acre industrial land parcel, designated Lots 17-18 on Farmers Market Road in Springfield, Illinois (zip code 62707), presents a compelling development opportunity. Zoned L-1, this property boasts high visibility from I-55, situated on the frontage road of Farmers Market Road and Atlanta Street. The strategic location benefits from significant daily traffic counts, with approximately 27,300 vehicles passing the site just north of the Sangamon Ave exit. Furthermore, its proximity to Northfield Plaza and S. Dirksen Parkway, areas with substantial retail, medical, and restaurant businesses (approximately 26,300 vehicles daily), enhances its commercial potential. This property is ideal for various industrial and commercial uses, offering excellent access and exposure to a large consumer base. The asking price for this exceptional lot is $128,520. While this listing focuses on Lots 17-18 (2.38 acres), it's important to note that this is part of a larger 20.65-acre parcel that includes eight individual lots ranging in size from 1.19 to 4.25 acres, available for sale individually or as a whole. Detailed lot breakdown and pricing information are available upon request.

Property profile

Verified
Property type Land
Lot 2.38 ac (103,673 SF)

Cap rate & NOI

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

Location

17-18 Farmers Market Rd Springfield, IL 62707
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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