6000 6Th StSpringfield, IL 62702

  • Commercial real estate
  • 1.63 AC
For Sale
$550,000 View listing

Property Details for 6000 6Th St

Lot size
1.63 AC
Property type
Commercial real estate
APN
22-34.0-201-009
APU
22340201009

Description

This exceptional 6000 S 6th Street Frontage Road property in Springfield, Illinois (zip code 62702) presents a prime commercial development opportunity. Priced at $550,000, this land parcel boasts a highly visible location directly off the I-55 on and off-ramps at Toronto Road and South Sixth Street, ensuring significant exposure to a large volume of daily traffic. The site is conveniently situated near a cluster of established businesses, including Motel 6, Circle K, McDonald's, Cracker Barrel, Taco Bell, Subway, and a substantial strip mall. Recent site preparation work includes tree clearing and gully filling, resulting in a level and ready-to-build lot. An existing structure, a former gas/service station, is present on the property and possesses a Notice of Final Release (NFR) certificate. The seller is flexible and open to various transaction structures, including outright sale or lease options. Furthermore, the owner is receptive to discussions regarding build-to-suit arrangements, offering potential buyers or lessees a tailored development solution. This property represents a unique chance to capitalize on a high-demand location with excellent visibility and established surrounding businesses. The convenient access to I-55 makes this an ideal location for a variety of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,743,396
    Hospitality
    $19,916,834
    Educational
    $16,570,572
    Medical
    $17,140,460
    Retail
    $25,776,446

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7132
Longitude
-89.6387
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
$15,173
$147,725
$49,868
$197,593
-
$443,175
$149,604
$592,779

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].