Property summary
This exceptional Springfield, IL property offers nearly an acre of combined lots at 110 W Reynolds Street. Priced at $499,000, this general commercial parcel presents a unique investment opportunity due to its versatile zoning and prime location. The substantial size allows for a wide range of development possibilities, making it ideal for various commercial ventures. Its proximity to a significant medical complex further enhances its appeal, providing easy access to a large pool of potential customers and employees. The property's substantial size and strategic location make it an attractive proposition for businesses seeking visibility and convenient access. The combined lots offer ample space for construction or expansion, catering to a diverse range of commercial needs. Serious inquiries are encouraged to explore the potential of this valuable asset and its significant upside in a thriving Springfield location. The property is ready for development and offers a rare chance to establish a strong commercial presence in a high-demand area. Further details regarding zoning and permitted uses are available upon request.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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