800 Commercial AveSpringfield, IL 62703

  • Commercial land
  • 2.10 AC
For Sale
$300,900 View listing

Property Details for 800 Commercial Ave

Lot size
2.10 AC
Property type
Commercial land
APN
14-36.0-327-027
APU
14360327027

Description

This exceptional 2.512-acre commercial land parcel presents a unique investment opportunity in Springfield, Illinois. Strategically located at 800 Commercial Avenue, the property enjoys high visibility and accessibility, situated just off South Dirksen Parkway at the corner of Commercial Avenue and Cook Street. Its prime location offers convenient access to major transportation arteries, including the I-55 & Clear Lake (Route 36) and I-55 & South Grand (Route 29) cloverleaf exchanges, ensuring seamless connectivity for businesses and commuters. The property is zoned I-1 Light Industrial District, providing flexibility for a variety of commercial uses. The land is priced at $2.75 per square foot, with a total asking price of $300,900. 2018 real estate taxes amounted to $5,025.84. Detailed aerial imagery is available upon request, showcasing the property's location and surrounding area. This is an ideal site for businesses seeking a prominent location with excellent access and visibility in a thriving commercial district. The property's size and zoning make it suitable for a range of development possibilities. Don't miss this chance to acquire a valuable piece of commercial real estate in a prime Springfield location. Contact us today to learn more.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $28,012,886
    Hospitality
    $25,659,652
    Educational
    $21,348,530
    Medical
    $22,082,738
    Retail
    $33,208,824

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7942
Longitude
-89.6077
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
$5,799
$65,595
-
$65,595
-
$196,785
-
$196,785

FAQs

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