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Property profile & analytics
FOR LEASE
Commercial land

1300 Toronto Rd Springfield, IL 62712

1.79 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US28-0597653
Property summary
AI-generated overview

This exceptional Springfield, IL commercial property at 1300 Toronto Road offers 8,000 square feet of land zoned B-1, perfect for office space. Currently a single-tenant building, it presents an exciting opportunity for expansion with a proposed 8,000 sq ft extension. The flexible design allows for customized construction to meet specific tenant needs. The property boasts excellent visibility and ample parking, situated in a high-traffic area experiencing significant growth. Enjoy convenient access to a variety of amenities within a half-mile radius, including UIS, popular restaurants (McDonald's, Cracker Barrel, Wendy's), banks, and convenience stores. Furthermore, Lake Springfield, shopping centers, and three subdivisions are all within a mile, adding to the dynamic and thriving community. Detailed traffic and demographic data are available upon request. The lease is a modified gross structure. This prime location offers unparalleled potential for businesses seeking a strategic presence in a rapidly developing area of Springfield.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.79 ac (77,972 SF)
APN 22-34.0-201-005
UPID US28-0597653
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
HEARTLAND DEVELOPMENT GROUP LLC
HEARTLAND DEVELOPMENT GROUP LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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