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Property profile & analytics

2919 6Th St Springfield, IL 62703

  • Commercial real estate
  • 1.55 lot acres
Value Estimation
$425,000
Last Sale
Aug 30, 2022
$450,000
Location Intelligence
Property ID
US28-4393477
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

  • Vegas Lounge / Gambling House

Property Details for 2919 6Th St

Lot size
1.55 lot acres
Property type
Commercial real estate
APN
22-10.0-302-014
APU
22100302014

Description

This exceptional Springfield, IL retail strip center at 2919 S. Sixth St. presents a prime leasing opportunity. The property boasts a total of 5,394 square feet, with 2,574 square feet currently available for lease. The building features a modern design and is well-maintained, creating an inviting atmosphere for businesses. Its strategic location ensures high visibility and substantial foot traffic, maximizing exposure for tenants. Ample parking, with 40 spaces, provides convenient access for customers. The versatile interior space is adaptable to a variety of retail uses, making it ideal for businesses looking to establish or expand their presence in the thriving Springfield community. The large lot size of 77,439 square feet offers significant potential for future expansion or outdoor amenities. Abundant natural light fills the space through expansive windows, creating a bright and welcoming environment. This property offers a unique chance to secure a prominent retail location in a desirable area with high customer traffic and excellent visibility. The flexible layout allows for customization to meet specific business needs, ensuring a seamless transition for new tenants. Don't miss this opportunity to secure a thriving retail space in a prime Springfield location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $435,000
  • CAP approach

    CAP return
    Estimation
    6%
    $400,000
    6.5%
    $415,000
    7%
    $440,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $360,000
    Geo Method
    $405,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $350,000
    Retail
    $325,000
    Mixed-Use
    $405,000
    Hospitality
    $445,000
    Educational
    $365,000
    Residential Income
    $415,000
    Energy
    $445,000
    Income-Based Land
    $350,000
    Food Service
    $380,000

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6491
Latitude
39.7628
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
$13,892
$112,420
$46,051
$158,471
-
$337,260
$138,153
$475,413
More about this property
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