2430 S Grand Ave E, Springfield, IL 62703
For Sale
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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.
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
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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.