702 8Th St Springfield, IL 62703
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 702 8Th St
- Property type
- Commercial real estate
Description
This exceptional offering presents a rare opportunity to acquire three contiguous lots ideally situated in the heart of Springfield, Illinois. Located at 702 & 704 South 8th Street, this property boasts a highly desirable location just two blocks from the Lincoln Home National Historic Site, offering unparalleled access to Springfield's rich history and vibrant downtown area. The lots are within easy walking distance of a wealth of amenities, including shopping, dining, theaters, and major medical facilities. Proximity to state, county, and municipal offices further enhances the property's strategic value. For those seeking convenient transportation, the property is only four blocks from the BOS Convention Center and Springfield's new transportation hub, and city bus service is readily available at the curb. City utilities and Ameren natural gas services are available, simplifying the development process. While zoned commercial, county records list the property type and land use as Residential Vacant Land. This presents a unique opportunity for a variety of development projects, from commercial ventures to residential construction. The combined area of these three lots offers significant potential for a substantial return on investment. Don't miss this chance to secure a piece of Springfield's thriving landscape. The asking price for all three lots is $22,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6448659
- Latitude
- 39.7946979
