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

3131 Stanton St Springfield, IL 62703

  • Commercial real estate
  • 4.06 lot acres
Value Estimation
Location Intelligence
Property ID
US28-3006274
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 real estate

Property Details for 3131 Stanton St

Lot size
4.06 lot acres
Property type
Commercial real estate
APN
22-11.0-326-062
APU
22110326062

Description

This exceptional 495,000 USD commercial land parcel is strategically located at 3131 STANTON Street, Springfield, Illinois, zip code 62703. Situated in Sangamon County, this property presents a unique investment opportunity for developers and businesses seeking a foothold in a thriving Illinois market. The land is classified as commercial and is ready for immediate development. Its precise location offers excellent accessibility and visibility, making it ideal for a wide range of commercial ventures. The property's latitude and longitude coordinates are 39.759321 and -89.627774 respectively, allowing for easy location verification and mapping. This is a special purpose property, presenting a blank canvas for creative commercial development. The asking price is $495,000, representing a compelling entry point into the Springfield commercial real estate market. Serious inquiries are encouraged to explore the potential of this exceptional land parcel and its potential to generate significant returns. Further details regarding zoning and development possibilities are available upon request. Don't miss this chance to acquire a prime piece of commercial land in a dynamic and growing city.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $310,000
  • CAP approach

    CAP return
    Estimation
    6%
    $335,000
    6.5%
    $350,000
    7%
    $355,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $360,000
    Geo Method
    $290,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $305,000
    Retail
    $295,000
    Mixed-Use
    $340,000
    Hospitality
    $315,000
    Educational
    $305,000
    Residential Income
    $255,000
    Energy
    $295,000
    Income-Based Land
    $285,000
    Food Service
    $265,000

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6278
Latitude
39.7593
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
$15,790
$140,301
$38,292
$178,593
-
$420,903
$114,876
$535,779
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