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Property profile & analytics
OFF-MARKET Estimated value $4,585,000
Commercial land

3100 Taylor Ave Springfield, IL 62703

0.73 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US28-5416181
Property summary
AI-generated overview

This exceptional 0.73-acre commercial land parcel presents a prime opportunity for development in Springfield, Illinois. Located at 3100 Taylor Avenue, this level lot boasts convenient access and high visibility. The property is zoned B-1, Highway Business, allowing for a variety of retail and office uses. Its strategic location in Springfield's southeast quadrant offers easy ingress and egress, situated just half a mile from the I-55/72 Adlai Stevenson Drive exit. This ensures excellent connectivity and accessibility for potential businesses and customers. The site benefits from a prominent frontage on Taylor Avenue, providing ample visibility and convenient access. Furthermore, the property enjoys a strong surrounding demographic, with nearby residential areas providing a substantial customer base. The immediate vicinity includes established businesses such as CVS, Walgreens, Circle K, Bank of Springfield, Papa John's, and Hardee's, creating a vibrant and thriving commercial environment. The asking price for this exceptional development opportunity is $100,000. The APN is 22 11.0 477 037. Don't miss this chance to acquire a highly desirable commercial lot in a prime Springfield location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.73 ac (31,581 SF)
APN 22-11.0-477-037
UPID US28-5416181
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
$4.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.59M
Owner & transaction history
Patriot Exchangeright 8 Pack LLC · 4 yrs held
Patriot Exchangeright 8 Pack LLC
since 2022
Last sale
$4.5M
2 recorded transactions
2022
$4.5M
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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