For Sale
$821,000

Rt 54 & Gatlin Dr Springfield, IL 62704

6.28-acre lot, ideal for commercial development.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This 6.28-acre commercial land parcel, located at the intersection of RT 54 and Gatlin Drive in Springfield, Illinois (zip code 62704), is offered at $821,000. The land is zoned I-1 (Light Industrial) and presents a significant opportunity for commercial development. The property's strategic location offers excellent visibility and accessibility. Situated near the I-55 and Sangamon Avenue cloverleaf exchange, a high-traffic area experiencing robust commercial and retail growth, the site benefits from proximity to established businesses such as Walmart, Lowe's, Menards, and numerous restaurants and gas stations. The land value is $3 per square foot. The property is within the Springfield/Sangamon County Enterprise Zone, providing access to various state and local business incentives. The 2021 real estate taxes are available upon request. The seller will consider dividing the parcel. This prime location and favorable zoning make this property an attractive investment for developers seeking a foothold in a thriving commercial corridor. Detailed information regarding the Enterprise Zone incentives is available.

Highlights

  • 6.28-acre land parcel.
  • Prime location at the I-55 & Sangamon Ave. interchange, a high-growth area.
  • Strong surrounding commercial development including Walmart, Lowe's, Menards, and numerous restaurants and retailers.
  • Excellent visibility and access from I-55 and Sangamon Ave.
  • Situated within the Springfield/Sangamon County Enterprise Zone, offering various tax incentives.
  • Currently zoned City I:1 Light Industrial.

Property Details for 0 Rt 54 & Gatlin Dr

Property type
Land
Lot Size (sq. ft)
273,557 SF

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7853965
Longitude
-89.6722171
Rt 54 & Gatlin Dr, Springfield, Illinois

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FAQs

What type of property is this?
Land - 6.28-acre lot, ideal for commercial development.
Where is the land located?
The property is located at Rt 54 & Gatlin Dr Springfield, IL.
What is the asking price?
The asking price for this property is $821,000.
What are key features of this property?
This property features: 6.28-acre land parcel.; Prime location at the I-55 & Sangamon Ave. interchange, a high-growth area.; Strong surrounding commercial development including Walmart, Lowe's, Menards, and numerous restaurants and retailers.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Sam Nichols
Sam Nichols
Visit Broker Website

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Rt 54 & Gatlin Dr
Springfield, IL 62704

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Springfield, IL 62704

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

0 Rt 54 & Gatlin Dr
  • Sam Nichols
    Sam Nichols
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