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Springfield, IL Schools for Sale

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Historic Residential Dormitory Building
Updated: Apr 11
Historic Residential Dormitory Building

541 E BLACK Avenue, Springfield, IL 62702

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14,000 sqft 1.80 AC lot
Historic property opened in 1895; located on +/-1.8 acres near Lincoln Park with park‑like setting.
About +/-14,000 SF above grade (main building) plus a partial basement.
Approx. 26 individual rooms, each with a private bath—previously used as a dormitory for Benedictine University.
Commercial kitchen with a large dining area for group meals or shared dining.
Second floor screen room plus back garden area with a walking path, along with an inviting front porch and parlor.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Redevelopment Warehouse with Two Buildings
Redevelopment Warehouse with Two Buildings

5316 Ruskin Ave, Saint Louis, MO 63115

$275,000
43,500 sqft 1.78 AC lot

Vacant two-building warehouse site offers flexible redevelopment options with on-site land for industrial or institutional uses.

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St. Louis Specialty School Site
St. Louis Specialty School Site

5814 Thekla Ave, Saint Louis, MO 63120

$460,000
57,281 sqft 3.22 AC lot

Urban school site with redevelopment potential in St. Louis City.

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Former School Campus
Former School Campus

2009 Seminary St, Alton, IL 62002

$530,000

Campus includes classrooms, offices, dormitory accommodations, cafeteria space, and a gymnasium.

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Former School with Redevelopment Potential
Former School with Redevelopment Potential

121 W Elm Street, Alton, IL 62002

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33,150 sqft

Former school building suitable for redevelopment or community use.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land in Tinley Park, IL
Land in Tinley Park, IL

16750 Harlem Avenue, Tinley Park, IL 60477

$599,000
1.01 AC lot

Commercial land available for sale in Tinley Park, Illinois.

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Cantera Business Park Land Opportunity
Cantera Business Park Land Opportunity

28301 Ferry Rd, Warrenville, IL 60555

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161,209 sqft 19.00 AC lot

19-acre site in Cantera Business Park, Warrenville, IL.

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Bloomington Commercial Land Opportunity
Bloomington Commercial Land Opportunity

S Rockport Road, Bloomington, IN 47403

$285,000
6.34 AC lot

6.34 acres of commercial land zoned for various uses.

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Corner Lot on Shelbyville Road
Corner Lot on Shelbyville Road

5133 Gray Road, Indianapolis, IN 46237

$1,350,000
8.21 AC lot

Large corner lot suitable for various developments with approvals.

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Springfield, IL Schools Market Trends and Statistics

Explore 1 schools for sale in Springfield, IL on our real estate platform. These investment opportunities span a total of 14,000 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Day care centers 6
NNN properties 2
Nursery and garden centers 1
Schools 1
Wedding venues 1

Demographics Overview

Population 138K
Population Growth (5Y) +1.9%
Median Household Income $70,314
College Educated 9.5%

Taxes & Financing

Tax Rate (average for all types) 8.64%
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sangamon County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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