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Property profile & analytics

1111 9th St Springfield, IL 62702-3949

  • Commercial real estate
  • 0.14 lot acres
OFF-MARKET
Last Sale
Dec 26, 2024
$340,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2863159
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

  • KFC / Restaurant

Property Details for 1111 9th St

Lot size
0.14 lot acres
Property type
Commercial real estate
APN
14-27.0-201-037
APU
14270201037

Description

This 3,181 square foot freestanding restaurant building in Springfield, Illinois, presents a unique investment opportunity. Boasting a convenient drive-thru window, the property is ideally situated near major medical facilities and a large high school, ensuring high visibility and potential customer traffic. Its location near downtown Springfield, the state capital, provides access to a substantial workforce of approximately 17,800 employees. The building is currently vacant, offering a blank canvas for a new restaurant concept or a relocation opportunity for an existing business. The property is located at 1111 N 9th St, Springfield, IL 62702, in Sangamon County. Its proximity to HSHS St. John’s Hospital (457 beds) and Springfield Memorial Hospital (500 beds) creates a significant potential customer base. Furthermore, its location near Lanphier High School (1,058 students) provides additional daytime traffic and potential for catering or after-school business. The property's single-tenant occupancy and substantial square footage offer flexibility for a variety of restaurant concepts. This is a rare opportunity to establish a thriving business in a high-demand location within a bustling urban environment. The property is ready for immediate occupancy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6437
Latitude
39.8143
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
$1,528
$16,926
$359
$17,285
-
$50,778
$1,077
$51,855
More about this property
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