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    901 Macarthur Blvd Springfield, IL 62702

    • Commercial real estate
    • 0.92 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimation
    $2,160,000
    Last Sale
    Mar 02, 2023
    $2,150,000
    Location Intelligence
    Property ID
    US28-2978924
    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

    • Frye-Williamson Press Inc. / Commercial Printer / Direct Mail Advertising
    • Byers Printing Co / Commercial Printer

    Property Details for 901 Macarthur Blvd

    Lot size
    0.92 lot acres
    Zone code
    I1
    Property type
    Commercial real estate
    APN
    14-28.0-152-023
    APU
    14280152023

    Description

    This exceptional single-tenant industrial warehouse, located at 901 N MacArthur Blvd in Springfield, Illinois, offers 26,800 square feet of versatile space. Situated on a substantial 48,500-acre lot, the property boasts one loading dock and is conveniently located near key Springfield areas, including the Mid-Illinois Medical District, the Illinois State Capitol Complex, and Downtown Springfield. Easy access to IL Route 97 ensures excellent transportation links. The building's zoning is B-2 County, within Sangamon County. Previously used for printing, the open layout provides adaptable space suitable for a wide range of businesses. The entire 26,800 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire facility. The property features a fenced exterior area, adding to its functionality and security. This is a sublease opportunity. The address is 901 N MacArthur Blvd, Springfield, IL 62702, at the intersection of MacArthur Blvd and Dorlan Ave. The property includes one building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,960,000
      6.5%
      $2,010,000
      7%
      $1,960,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,335,000
      Geo Method
      $2,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,100,000
      Retail
      $1,805,000
      Mixed-Use
      $2,210,000
      Hospitality
      $1,785,000
      Educational
      $1,860,000
      Residential Income
      $2,150,000
      Energy
      $2,360,000
      Income-Based Land
      $2,025,000
      Food Service
      $2,145,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6688
    Latitude
    39.8121
    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
    $19,627
    $27,777
    $197,001
    $224,778
    -
    $83,331
    $591,003
    $674,334

    Comparable in this City

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      2349 Sangamon Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      2349 Sangamon Ave, Springfield, IL 62702
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    • Value Estimation by Request
      0.44 Acres

      3037 Sangamon Ave

      COMMERCIAL (GENERAL) • 0.44 Acres
      3037 Sangamon Ave, Springfield, IL 62702-1422
      View Details

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    901 Macarthur Blvd
    Springfield, IL 62702
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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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