Property profile

538 Springfield Rd Lovington, IL 61937

OFF-MARKET
Retail space
Property ID
US28-5763100
9,230 SF 1.55 ac lot Built 2021
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2021
Total area 9,230 SF
Lot 1.55 ac (67,518 SF)
APN 02-02-27-116-001
UPID US28-5763100

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union

Location

538 Springfield Rd Lovington, IL 61937-9703
Lovington metro Census 977000
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.43M

Owner & transaction history

since 2021
Last sale
$1.5M
1 recorded transaction
2021
$1.5M

Zoning & alternative use

Top alternative use upside
Office building $930,000 +66.2%

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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