Individually Owned Property summary
This 3,000 square foot commercial property located at 2801 Ridge Avenue in Springfield, Illinois, presents a unique investment opportunity. Previously used as a car lot, the building includes an office and breakroom, making it ideal for a variety of businesses. The B-2 zoning allows for diverse uses, such as contractor businesses, landscaping companies, or car detailing services. Its prime corner lot location ensures high visibility and ample parking, significantly enhancing its appeal to… potential customers. The property boasts a high traffic count, guaranteeing substantial exposure. This translates to a strong potential for business growth and profitability. The building's existing infrastructure, including the office and breakroom, reduces initial setup costs for new tenants. In addition to the sale price of $235,000, this property is also available for lease at a modified gross lease rate of $2,600 per month. This flexibility caters to a wider range of potential buyers and tenants, making it an attractive option for both investors and businesses seeking a strategic location in Springfield. The property's size and location make it a compelling investment opportunity in a thriving commercial area.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Historical Records
- Value Estimation
- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Location Insight
- Alternative use
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