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    2601 Farmers Market Rd Springfield, IL 62707

    • Commercial land
    • 4.19 lot acres
    For Sale
    View listing
    $414,810
    Value Estimation
    Location Intelligence
    Property ID
    US28-3074908
    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

    • Commercial land

    Property Details for 2601 Farmers Market Rd

    Lot size
    4.19 lot acres
    Property type
    Commercial land
    APN
    15-18.0-102-009
    APU
    15180102009

    Description

    This 4.19-acre lot, located at 2601 Farmers Market Rd, Springfield, IL 62707 (APN 15180102009), is zoned I-1 and presents a prime development opportunity. Situated on the frontage road of Farmers Market Road and Atlanta Street, it boasts excellent visibility from I-55, with approximately 27,300 vehicles passing daily. The property's strategic location near Northfield Plaza and S. Dirksen Parkway, areas with significant retail, medical, and restaurant activity (approx. 26,300 vehicles daily), ensures high traffic volume and potential for strong returns. This parcel offers exceptional access and exposure, making it ideal for various commercial or industrial uses. The asking price is $414,810. This is a single lot from a larger group of parcels, each available for sale individually or as a package. Further details on the entire acreage and individual lot pricing are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.5957
    Latitude
    39.8388
    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
    $93
    $1,298
    $0.00
    $1,298
    -
    $3,894
    $0.00
    $3,894

    Comparable in this City

    • Value Estimation by Request
      0.76 Acres

      3765 Winchester Rd

      VACANT COMMERCIAL LAND • 0.76 Acres
      3765 Winchester Rd, Springfield, IL 62707-9759
      View Details
    • Value Estimation by Request
      6.07 Acres

      Springfield, IL 62707

      VACANT COMMERCIAL LAND • 6.07 Acres
      Springfield, IL 62707
      View Details
    • Value Estimation by Request
      0.06 Acres

      Springfield, IL 62707

      VACANT COMMERCIAL LAND • 0.06 Acres
      Springfield, IL 62707
      View Details
    • Value Estimation by Request
      1.19 Acres

      3353 Atlanta St

      VACANT COMMERCIAL LAND • 1.19 Acres
      3353 Atlanta St, Springfield, IL 62707
      View Details
    • Value Estimation by Request
      0.35 Acres

      3801 Dirksen Pkwy

      VACANT COMMERCIAL LAND • 0.35 Acres
      3801 Dirksen Pkwy, Springfield, IL 62707-7613
      View Details
    • Value Estimation by Request
      1.76 Acres

      Springfield, IL 62707

      VACANT COMMERCIAL LAND • 1.76 Acres
      Springfield, IL 62707
      View Details

    Similar Nearby for Sale

    • $335,750

      Development Opportunity: Multiple Commercial Parcels

      20.65 acres of commercial land for sale.
      2561 N Farmers Market Rd, Springfield, IL 62707
      View Details
    • $227,200

      Development Opportunity: Multiple Commercial Parcels

      20.65 acres of commercial land available for development.
      2531 N Farmers Market Rd, Springfield, IL 62707
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    • $440,000
      2.46 Acres

      Prime Commercial Lot in Springfield

      2.46 acre commercial lot with B-1 zoning.
      4351 Conestoga Dr, Springfield, IL 62707
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    • Contact for pricing
      20 SF

      20.65 Acres Development Opportunity

      20.65 acres of land for development in Springfield, IL.
      Atlanta And Farmers Market Rd, Springfield, IL 62707
      View Details
    • $440,000

      Prime Commercial Lot in Springfield

      2.46 acre commercial lot with high visibility frontage.
      4351 Conestoga Dr, Springfield, IL 62707
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    • $68,900
      0.60 Acres

      Commercial Lot Near Shopping District

      Buildable commercial lot near shopping, restaurants, and I-72.
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    Similar Nearby for Lease

    • Contact for pricing

      Springfield Professional Office Suites Available

      Professional office suites available for rent in Springfield, Illinois.
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      Pending

      Office Space in Springfield, IL

      Office space with private restrooms and off-street parking.
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      Springfield Warehouse Space Available

      3,600 sq ft warehouse space for lease in Springfield.
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    Request Owner's contact information
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    2601 Farmers Market Rd
    Springfield, IL 62707
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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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