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    1610 6Th St Springfield, IL 62703

    • Commercial real estate
    • 0.42 lot acres
    For Sale
    View listing
    $575,000
    Value Estimation
    Last Sale
    Sep 23, 2024
    $260,000
    Location Intelligence
    Property ID
    US28-3061566
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Boshardy Law Office, P.C. / Personal Injury Attorney / Trial Attorney
    • Stephen Kelly Law / Attorney

    Property Details for 1610 6Th St

    Lot size
    0.42 lot acres
    Property type
    Commercial real estate
    APN
    22-03.0-108-025
    APU
    22030108025

    Description

    This single-tenant office building at 1610 S 6th St, Springfield, IL 62703, offers 3,600 square feet of leasable space, distributed between a main floor and a lower level. The main floor features several private offices and a conference room, ideal for a variety of professional uses. The lower level provides additional finished space, along with one unfinished storage room. The building is well-maintained, constructed of brick, and includes an ADA-compliant ramp and restrooms. Ample parking is available with 15 spaces, plus one handicapped-accessible space. The property is zoned R5-B (City of Springfield) and has an APN of 22-03.0-108-025. Its central location on a major thoroughfare provides excellent visibility and accessibility, with high traffic volume (14,600 cars daily) ensuring prominent exposure via a monument sign. Nearby businesses include Hanson Professional Services, Evan-Lloyd Architects, Bailey Family Insurance, McDonald's, Walgreens, Moto Mart, and Grab-a-Java. The total building size is 5,400 square feet, situated on a single-story building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $190,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $185,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $215,000
      Mixed-Use
      $240,000
      Hospitality
      $215,000
      Educational
      $230,000
      Residential Income
      $200,000
      Energy
      $220,000
      Income-Based Land
      $190,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6479
    Latitude
    39.7846
    CBSA code
    44100
    CBSA name
    SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,940
    $53,162
    $104,513
    $157,675
    -
    $159,486
    $313,539
    $473,025

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    1610 6Th St
    Springfield, IL 62703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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