21-22 Atlanta St. & Farmers Market Rd Springfield, IL 62702
This exceptional 4.5-acre parcel, identified as Lots 21-22 on Atlanta Street and Farmers Market Road in Springfield, Illinois (zip code 62702), presents a compelling development opportunity. Zoned I-1, this property boasts a prime location offering high visibility from Interstate 55, benefiting from significant daily traffic volume. Approximately 27,300 vehicles pass the site daily just north of the Sangamon Avenue exit. The strategic positioning near Northfield Plaza and South Dirksen Parkway, areas with substantial retail, medical, and restaurant businesses (experiencing approximately 26,300 vehicles daily), further enhances its appeal. This land is ideal for various commercial or industrial uses, capitalizing on its high-traffic location and accessibility. The asking price for this exceptional property is $243,000. While this listing focuses on the 4.5-acre parcel, please note that additional acreage is available. Contact us for detailed information regarding lot breakdown and pricing for the entire 20.65-acre site.
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.