6000 S 6Th St, Springfield, IL 62702
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.