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    FOR SALE
    Commercial real estate

    2430 S Grand Ave E, Springfield, IL 62703

    Property ID
    US28-3092682
    Property summary
    AI-generated overview

    This exceptional commercial property presents a unique investment opportunity in Springfield, Illinois. Located at the southwest corner of South Grand Avenue and Taylor Avenue, this high-visibility site boasts a prime location at a stoplight intersection. The property benefits from significant daily traffic volume, with 13,100 cars passing daily on South Grand Avenue at this intersection. The offering includes two parcels, identified as 22-02.0-201-015 and 22-02.0-201-013, providing ample space for development or redevelopment. This strategic location is further enhanced by its inclusion within the Dirksen Parkway Commercial Tax Increment Financing (TIF) district and an Opportunity Zone, offering potential tax incentives and investment benefits. The asking price for this exceptional corner lot is $40,000. This presents a compelling opportunity for investors seeking a high-traffic location with significant development potential and attractive tax incentives. The property's address is 2430 South Grand Avenue, Springfield, IL 62703.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US28-3092682
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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