108 Mason St Springfield, IL 62702
- Commercial land
- 0.15 lot acres
Current Use by Public Records
- Commercial land
Property Details for 108 Mason St
- Lot size
- 0.15 lot acres
- Property type
- Commercial land
- APN
- 14-28.0-479-003
- APU
- 14280479003
Description
This exceptional commercial property, located at 108 W Mason Street in Springfield, Illinois, presents a unique investment opportunity. The property consists of a fully paved and fenced parking lot, ideal for a variety of commercial uses. Its strategic location within Springfield offers excellent accessibility and visibility, making it an attractive option for businesses seeking convenient parking solutions for their employees or customers. The lot's size, while not specified in square footage, is entirely paved and secured by a perimeter fence, ensuring safety and ease of use. The asking price of $184,000 represents a compelling entry point into the Springfield commercial real estate market. Given the high demand for secure parking in urban areas, this property offers strong potential for rental income or appreciation. The absence of any existing structures on the lot allows for maximum flexibility in terms of future development or adaptation to specific parking needs. This is a turnkey investment opportunity requiring minimal capital expenditure, making it an attractive proposition for both seasoned investors and newcomers to the commercial real estate sector. The property is situated on a lot of zero acres, indicating a compact and efficiently utilized space. Serious inquiries are encouraged to explore this promising investment further.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6542
- Latitude
- 39.8048
- CBSA code
- 44100
- CBSA name
- SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
