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    Property profile & analytics

    Springfield, IL 62702

    • Commercial land
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 14, 2024
    Location Intelligence
    Property ID
    US28-4650187
    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.

    Current Use by Public Records

    • Commercial land

    Property Details

    Lot size
    0.06 lot acres
    Property type
    Commercial land
    APN
    14-27.0-451-023
    APU
    14270451023

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6431
    Latitude
    39.8044
    CBSA code
    44100
    CBSA name
    SPRINGFIELD, IL METROPOLITAN 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
    $0.00
    $130
    $0.00
    $130
    -
    $390
    $0.00
    $390

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      3100 Walton Dr

      VACANT COMMERCIAL LAND • 0.05 Acres
      3100 Walton Dr, Springfield, IL 62702-1466
      View Details
    • Value Estimation by Request
      0.37 Acres

      1700 Washington St

      VACANT COMMERCIAL LAND • 0.37 Acres
      1700 Washington St, Springfield, IL 62702-4759
      View Details
    • Value Estimation by Request
      0.13 Acres

      709 Lincoln Ave

      VACANT COMMERCIAL LAND • 0.13 Acres
      709 Lincoln Ave, Springfield, IL 62702-3619
      View Details
    • Value Estimation by Request
      0.32 Acres

      824 Macarthur Blvd

      VACANT COMMERCIAL LAND • 0.32 Acres
      824 Macarthur Blvd, Springfield, IL 62702
      View Details
    • Value Estimation by Request
      0.37 Acres

      824 Macarthur Blvd

      VACANT COMMERCIAL LAND • 0.37 Acres
      824 Macarthur Blvd, Springfield, IL 62702
      View Details
    • Value Estimation by Request
      0.01 Acres

      1717 Peoria Rd

      VACANT COMMERCIAL LAND • 0.01 Acres
      1717 Peoria Rd, Springfield, IL 62702-2735
      View Details

    Similar Nearby for Sale

    • $360,000

      Land in North Dirksen Corridor

      Land available in a high-traffic commercial area.
      3132 E Sangamon Ave, Springfield, IL 62702
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    • $230,000
      1.74 Acres

      Commercial Lots Behind Walmart

      Two commercial lots for sale behind Walmart.
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    • $360,000

      Outlot Next to Interstate I-55

      Pad-ready outlot near hotels and convention center.
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    • $213,440

      Corner Lot Former Gas Station

      0.49 AC corner lot, former gas station site.
      634 N Grand Ave W, Springfield, IL 62702
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    • $130,000
      1.11 Acres

      Peoria Road Land Available

      1.11 acres on well-traveled Peoria Road.
      3945 N Peoria Rd, Springfield, IL 62702
      View Details
    • New
      $40,000

      Springfield Commercial Lot For Sale

      Large city lot with road frontage and asphalt parking.
      905 E Black Ave, Springfield, IL 62702
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Retail Space For Lease

      Commercial retail space available for lease in Springfield, IL.
      608 S 11Th St, Springfield, IL 62702
      View Details
    • Contact for pricing
      120,734 SF

      Prime Commercial Land Available

      Commercial land in established area near Springfield business district.
      1320 S Macarthur Blvd, Springfield, IL 62702
      View Details
    • $7 SF/Yr
      12,000 SF

      Springfield Warehouse Space For Lease

      12,000 SF Warehouse, Utilities Included
      2900 Dirksen Pkwy, Springfield, IL 62702
      View Details
    • $12 SF/Yr
      5,640 SF

      MacArthur Blvd Commercial Property

      Versatile 5,640 SF Commercial Space
      1139 Macarthur Blvd, Springfield, IL 62702
      View Details
    • $13 SF/Yr
      3,122 SF

      Sangamon Ave Commercial Property

      Versatile Space, High Traffic Area
      1720 Sangamon Ave, Springfield, IL 62702
      View Details
    • Contact for pricing

      Commercial Space in Springfield, IL

      Flex/industrial space with private bathroom and storage for rent.
      501 N Dirksen Pkwy, Springfield, IL 62702
      View Details
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    Springfield, IL 62702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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