222 West Reynolds St, Springfield, IL 62702
For Sale
This exceptional 0-acre commercial lot, located at 222 W Reynolds Street in Springfield, Illinois, presents a unique investment opportunity. Situated on a highly visible corner, this property offers unparalleled potential for a diverse range of commercial ventures. Its strategic location near a significant medical complex ensures high traffic and visibility, making it ideal for businesses seeking a strong presence in a thriving area. Currently zoned R-2, the possibilities are extensive, allowing for adaptable development to suit various commercial needs. The asking price of $125,000 represents a compelling entry point into the Springfield commercial real estate market. This vacant lot provides a blank canvas for entrepreneurs and developers to create a profitable and impactful business. The absence of existing structures simplifies the development process, minimizing upfront costs and allowing for maximum design flexibility. Given its prime location and zoning, this property is poised for significant appreciation in value. Serious inquiries are encouraged to explore the full potential of this exceptional investment opportunity. The property's corner location ensures maximum exposure to passing traffic, enhancing visibility and attracting potential customers. This is a rare chance to acquire a strategically located commercial lot in a growing area of Springfield. Don't miss this chance to secure a piece of Springfield's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.