Financial
Distress signals
Property profile

2908 Rdg Ave Springfield, IL 62702

OFF-MARKET
Other commercial real estate
Property ID
US28-2985697
0.31 ac lot
Last sale Feb 2026 · $135,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 4,236 SF masonry and block commercial building constructed between 1970 and 1985, configured with an adaptable interior layout for a range of business uses. The front includes a reception or customer service area that opens into a large, climate-controlled showroom suitable for retail or display functions. A middle section behind the showroom can serve as a workroom, production area, or storage and includes access to a restroom. The rear provides a spacious shop area with suspended heaters…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$70k
Assessed land$19k
Assessed improvement$51k
Effective rate8.84%

Value estimate

· Sep 2026
$265k
$239k – $292k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANGAMON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.2
Law Firm23.4
Dental Office20.2

Location

2908 Rdg Ave Springfield, IL 62702-4540
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1845 Jefferson, Springfield, IL 62702 $335,000 Feb 2026 No data
430 Kys, Springfield, IL 62702-2618 $390,000 Feb 2026 No data
3001 Sangamon, Springfield, IL 62702-1422 $112,000 Feb 2026 No data
2025 Peoria, Springfield, IL 62702-1837 $43,000 Jan 2026 No data
3440 Clear Lk, Springfield, IL 62702-6210 $2,850,000 Dec 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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