Property profile

3385 Atlanta St Springfield, IL 62707

OFF-MARKET
Commercial land
Property ID
US28-2851244
1.78 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.78-acre lot, located at 3385 Atlanta St, Springfield, IL 62707 (APN 15180301006), presents a prime development opportunity. Zoned L-1, this property boasts high visibility from I-55, situated on the frontage road of Farmer's Market and Atlanta Street. Daily traffic counts exceed 27,300 vehicles just north of the Sangamon Ave exit, offering significant exposure for any commercial or industrial venture. The strategic location near Northfield Plaza and S. Dirksen Pkwy, with its established retail, medical, and restaurant businesses (and approximately 26,300 vehicles per day), further enhances its appeal. This parcel is part of a larger 20.65-acre tract, with individual lots ranging from 1.19 to 4.25 acres, offering flexibility for various development scales. The asking price for this specific 1.78-acre lot is $113,920. Detailed lot breakdown and pricing for the larger acreage are available upon request. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes and established commercial areas in Springfield, Illinois.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.78 ac (77,537 SF)
APN 15-18.0-301-006
UPID US28-2851244

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3385 Atlanta St Springfield, IL 62707
Springfield metro Census 501 SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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