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Financial
Distress signals
Property profile

4001 Wabash Ave Springfield, IL 62711

OFF-MARKET
Other commercial real estate
Property ID
US28-3071311
1.17 ac lot
Last sale Jan 2026 · $2,681,500
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a freestanding IHOP restaurant building comprising approximately 5,100 square feet at 4001 Wabash Ave in Springfield, Illinois. It is situated on a signalized hard corner and provides direct vehicular access with traffic volume reported at more than 17,000 cars per day. The site is configured for restaurant use and has historically operated as an IHOP location under a triple-net (NNN) structure, with a long-term lease context that included franchise-backed guarantees and renewal…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$26k
Tax billed · 2023
Assessed value$294k
Assessed land$95k
Assessed improvement$199k
Effective rate8.71%

Value estimate

· Oct 2026
$360k
$324k – $396k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANGAMON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.7
Bakery9.4
Daycare Center9.1

Location

4001 Wabash Ave Springfield, IL 62711-6458
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3200 Ginger Crk, Springfield, IL 62711 $2,425,000 Dec 2025 No data
3501 Mayflower, Springfield, IL 62711-9437 $1,600,000 Dec 2025 No data
4221 Conestoga, Springfield, IL 62711-7970 $1,630,000 Dec 2025 No data
3240 Hedley Rd, Springfield, IL 62711-6360 $407,000 Oct 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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