1736 Peoria Rd Springfield, IL 62702
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1736 Peoria Rd
- Property type
- Commercial real estate
- APN
- 14-220-260-020
Description
This exceptional 5,520 sq ft commercial land parcel presents a unique investment opportunity in Springfield, Illinois. Located on Peoria Road and Republic Street, this property boasts excellent visibility due to its dual street frontage (40ft on each street). The lot is 40ft wide by 138ft deep, totaling approximately 0.126 acres. Currently zoned for MDR, Multifamily, and Apartments, there's potential for a zoning change to general commercial zoning, given the adjacent property's commercial designation. The property offers 15 parking spaces and is being sold fee simple. The asking price is $10,998, translating to $2 per square foot. All cash offers will receive a prompt response. Owner financing may be considered. This high-traffic location makes it ideal for a variety of commercial ventures. The APN is 14-220-260-020. This is a rare opportunity to acquire a strategically located property with significant development potential. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.641496
- Latitude
- 39.824584
