1701 S 6Th St Springfield, IL 62703
For Sale
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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.
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
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.