Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

1315 Ottis St Springfield, IL 62703

  • Commercial real estate
  • 2.11 lot acres
Value Estimation
Last Sale
Sep 05, 2025
$690,000
Location Intelligence
Property ID
US28-2894188
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

  • Key Equipment & Supply Co. / Equipment Supplier

Property Details for 1315 Ottis St

Lot size
2.11 lot acres
Property type
Commercial real estate
APN
22-22.0-400-038
APU
22220400038

Description

This exceptional 13,604 square foot commercial building at 1315 Ottis Street in Springfield, Illinois, presents a unique investment opportunity. The property boasts a multi-use design, ideal for a variety of businesses. A welcoming reception area sets the tone, leading to several well-appointed office spaces, complete with restrooms conveniently located on both floors. A spacious conference room, featuring a wall of windows offering a view of the expansive shop/warehouse area, provides a professional setting for meetings. A dedicated break room adds to employee convenience. The substantial 8,064 square foot industrial warehouse space is a key feature, highlighted by impressive 26-foot ceilings. Eight brand-new overhead doors, equipped with new side openers, maximize usable ceiling space and facilitate efficient material handling. A crane/hoist system further enhances operational capabilities. The exterior is fully fenced, secured by a new gate, and includes a large parking area for ample vehicle accommodation. Recent improvements include a fresh coat of paint (applied in 2021) and the addition of new gutters, enhancing both aesthetics and functionality. The building also benefits from a newly installed wiring system designed for computer networks and a comprehensive security system, ensuring both technological readiness and peace of mind. This property offers a compelling blend of office and warehouse space, making it an attractive prospect for a diverse range of commercial enterprises.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $490,000
  • CAP approach

    CAP return
    Estimation
    6%
    $395,000
    6.5%
    $415,000
    7%
    $395,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $370,000
    Geo Method
    $455,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $505,000
    Retail
    $465,000
    Mixed-Use
    $500,000
    Hospitality
    $455,000
    Educational
    $520,000
    Residential Income
    $415,000
    Energy
    $405,000
    Income-Based Land
    $425,000
    Food Service
    $500,000

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6353
Latitude
39.7325
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
$14,553
$22,638
$141,969
$164,607
-
$67,914
$425,907
$493,821
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message