Property profile

110 Reynolds St Springfield, IL 62702

OFF-MARKET
Commercial real estate
Property ID
US28-3059844
0.09 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.09 ac (3,849 SF)
APN 14-28.0-440-008
UPID US28-3059844

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

110 Reynolds St Springfield, IL 62702
Springfield metro Census 300 SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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