Technical
Financial
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Property profile

21-22 Atlanta St. & Farmers Market Rd Springfield, IL 62702

OFF-MARKET
Land
4.5 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 4.5 ac (196,020 SF)

Cap rate & NOI

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

Location

21-22 Atlanta St. & Farmers Market Rd Springfield, IL 62702
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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