501 Toronto RdSpringfield, IL 62711

Property Details for 501 Toronto Rd

Lot size

5.20 AC

Property type

Land

Description

This exceptional 5.2-acre commercial land parcel presents a remarkable investment opportunity in Springfield, Illinois. Strategically located at the high-traffic interchange of I-55 and Toronto Road (501 Toronto Rd, Springfield, IL 62711), this property boasts unparalleled visibility and accessibility. The B-1 zoning permits a wide range of commercial developments, capitalizing on the significant daily traffic volume of I-55, averaging 54,400 vehicles. Utilities are conveniently located on-site, simplifying development plans and reducing upfront costs. The land is priced at $949,000, translating to a land value of $4.19 per square foot. This represents a compelling opportunity to acquire a substantial tract of ready-to-develop land in a prime commercial location with high visibility and significant traffic counts, making it ideal for a variety of commercial ventures. The property's location at the intersection of I-55 and Toronto Road ensures maximum exposure to a large and diverse customer base. This is a rare chance to secure a highly desirable commercial property in a thriving area. Don't miss this chance to build your business in a high-traffic, high-visibility location.

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7136

Longitude

-89.6491

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