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Property profile & analytics

4531 Wabash Ave Springfield, IL 62711

  • Commercial real estate
  • 1.23 lot acres
OFF-MARKET
Last Sale
Feb 25, 2022
$4,400,000
Value Estimations
$4,285,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-3131685
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 4531 Wabash Ave

Lot size
1.23 lot acres
Property type
Commercial real estate
APN
21-11.0-382-013
APU
21110382013

Description

This exceptional commercial property, known as Yellowstone, presents a unique investment opportunity. Located in a B-1 zoned area and identified by APN 21-11.0382013, this single-tenant building offers 2,215 square feet of versatile space, ideal for a variety of businesses. The property's classification encompasses both office and retail uses, providing flexibility for potential occupants. The single-tenant occupancy ensures a streamlined management experience, minimizing complexities often associated with multi-tenant properties. The building's layout is designed for efficiency and functionality, making it an attractive option for businesses seeking a well-maintained and easily manageable space. The property's location within a B-1 zoning district suggests a range of permitted commercial activities, offering potential buyers a wide spectrum of possibilities. The single-suite configuration simplifies operations and reduces overhead costs, making it an attractive proposition for both established businesses and startups. This property is an excellent choice for those seeking a straightforward, well-located commercial space with significant potential for growth and return on investment. The property's size and zoning make it suitable for a variety of commercial uses, offering a high degree of adaptability to meet the needs of a diverse range of businesses. Serious inquiries are encouraged to explore this promising investment opportunity further. The property's single-tenant status provides stability and predictability in terms of income generation and management.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $4,240,000
    ML approach
    $4,105,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.7354
Latitude
39.7569
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,012
$140,230
$491,790
$632,020
-
$420,690
$1,475,370
$1,896,060
More about this property
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