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Property profile & analytics
FOR SALE
Commercial real estate

1701 S 6Th St Springfield, IL 62703

0.33 ac lot
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US28-2944102
Property summary
AI-generated overview

This exceptional Springfield, Illinois mixed-use property presents a compelling investment opportunity. Located at 1701 S 6th St, this 2,550 square foot building sits on a corner lot (6th & Spruce Streets) totaling approximately 0.4 acres. The property boasts a prime location on a major one-way thoroughfare with approximately 12,200 cars passing daily, ensuring high visibility and accessibility. Currently configured as an auto shop with overhead doors and access from both streets, the property is 100% occupied and benefits from a convenient storage shed and an on-site pole sign. Zoned S-2 by the City of Springfield, this versatile space offers immense potential for a variety of uses. The asking price is $210,000, translating to $82.35 per square foot. The property includes two tax parcels and offers a paved lot. This is a rare chance to acquire a strategically positioned commercial property in a high-traffic area with significant upside potential. Don't miss this opportunity to own a piece of Springfield's thriving commercial landscape.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.33 ac (14,486 SF)
APN 22-03.0-110-010
UPID US28-2944102
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
David G Brahler · 8 yrs held
David G Brahler
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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