110 Reynolds St, Springfield, IL 62702
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.