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    Property profile & analytics
    FOR SALE
    Commercial real estate

    6000 S 6Th St, Springfield, IL 62702

    1.63 ac lot
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US28-3101246
    Property summary
    AI-generated overview

    This exceptional 6000 S 6th Street Frontage Road property in Springfield, Illinois (zip code 62702) presents a prime commercial development opportunity. Priced at $550,000, this land parcel boasts a highly visible location directly off the I-55 on and off-ramps at Toronto Road and South Sixth Street, ensuring significant exposure to a large volume of daily traffic. The site is conveniently situated near a cluster of established businesses, including Motel 6, Circle K, McDonald's, Cracker Barrel, Taco Bell, Subway, and a substantial strip mall. Recent site preparation work includes tree clearing and gully filling, resulting in a level and ready-to-build lot. An existing structure, a former gas/service station, is present on the property and possesses a Notice of Final Release (NFR) certificate. The seller is flexible and open to various transaction structures, including outright sale or lease options. Furthermore, the owner is receptive to discussions regarding build-to-suit arrangements, offering potential buyers or lessees a tailored development solution. This property represents a unique chance to capitalize on a high-demand location with excellent visibility and established surrounding businesses. The convenient access to I-55 makes this an ideal location for a variety of commercial ventures.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.63 ac (71,003 SF)
    APN 22-34.0-201-009
    UPID US28-3101246
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ronald Metzger · 3 yrs held
    Ronald Metzger
    since 2023
    Last sale
    $290,000
    1 recorded transaction
    2023
    $290,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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