929 Springfield Rd Taylorville, IL 62568
Property profile & analytics
929 Springfield Rd, Taylorville, IL 62568
- Commercial real estate
Property ID
US28-4417227
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 929 Springfield Rd
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 17-13-22-101-009-01
- APU
- 17132210100901
Description
This exceptional investment opportunity presents a 1,576 square foot Sonic Drive-In restaurant located at 929 W Springfield Rd, Taylorville, IL 62568. Built in 2024, this property boasts a 20-year absolute NNN lease with a corporate guarantee from a highly experienced operator managing over 120 units nationwide. The lease includes annual rent bumps of 1.5%, ensuring consistent income growth. The property sits on a 0.61-acre lot in a retail-dense corridor, surrounded by major national retailers like Walmart, ALDI, and Kroger, ensuring high visibility and traffic. The location benefits from excellent frontage and accessibility along West Springfield Road, which sees approximately 13,500 vehicles per day. Its proximity to Taylorville High School (800+ students) contributes to its strong performance. The property offers a 6.50% cap rate with a net operating income (NOI) of $170,000 and an asking price of $2,615,000 ($1,659.26/sq ft). The lease provides passive ownership with the tenant responsible for all taxes, common area maintenance, and insurance. Conveniently located within a 40-minute drive of Downtown Springfield, Abraham Lincoln Capital Airport, and the University of Illinois Springfield, this property represents a secure and lucrative investment opportunity. Four and five-year lease options are also available. 100% occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $850,000
- ML approach
- $850,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Taylorville
- County
- Christian
- State
- Illinois
- Longitude
- -89.3053
- Latitude
- 39.5633
- CBSA code
- 45380
- CBSA name
- TAYLORVILLE, IL MICROPOLITAN 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
$3,832
$35,006
$11,668
$46,674
-
$105,018
$35,004
$140,022
