2625 Macarthur Blvd Springfield, IL 62704
- Commercial real estate
- 0.68 lot acres
Current Use by Public Records
- Carquest Auto Parts - CARQUEST of Springfield / Auto Parts Store
- Advance Auto Parts / Auto Parts Store
- Cody & Sons Electricians / Electrician
Property Details for 2625 Macarthur Blvd
- Lot size
- 0.68 lot acres
- Zone code
- B3
- Property type
- Commercial real estate
- APN
- 22-08.0-228-075
- APU
- 22080228075
Description
This exceptional 7,000 square foot commercial property, located at 2625 S Macarthur Boulevard in Springfield, Illinois, presents a significant investment opportunity. The building is situated on a lot with no acreage specified, offering ample space for a variety of commercial uses. Priced at $700,000, this property represents a strong value proposition in the Springfield market. The building's substantial size allows for flexibility in its potential use, making it suitable for a wide range of businesses. Its location on S Macarthur Boulevard provides excellent visibility and accessibility, ensuring high traffic flow and potential customer reach. The property's overall condition and specific features require further due diligence and inspection to fully assess its potential. Interested parties are encouraged to conduct a thorough site visit and review all relevant documentation to determine the suitability of this property for their specific business needs. This is a prime opportunity to acquire a substantial commercial space in a desirable Springfield location. The property's size and location offer significant potential for growth and return on investment. Further details regarding the building's layout, utilities, and zoning are available upon request. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $425,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $525,000
- Mixed-Use
- $465,000
- Hospitality
- $490,000
- Educational
- $395,000
- Residential Income
- $440,000
- Energy
- $520,000
- Income-Based Land
- $495,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6686
- Latitude
- 39.7708
- CBSA code
- 44100
- CBSA name
- SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
