2334 Grand AveSpringfield, IL 62703

Property Details for 2334 Grand Ave

Lot size

0.21 AC

Property type

Commercial real estate

APN

22-02.0-127-017

APU

22020127017

Description

This exceptional 1.18-acre commercial land parcel presents a unique development opportunity in Springfield, Illinois. Located at 2334 S Grand Ave E, this property boasts high visibility with an impressive 12,200 vehicles passing daily. The lot is comprised of eight parcels (APN: 22-02.0-127-017, 016, 015, 014, 013, 012, 011, 010), totaling 381 feet of frontage along South Grand Avenue. Zoned R-2, this property is situated in a thriving commercial area, surrounded by established businesses including Advance Auto Parts, Dollar General, O'Reilly Auto Parts, and Popeye's, all within two blocks or less. The property offers multiple existing entrances, simplifying access and development plans. Its convenient location provides easy access to Interstates 55/72, further enhancing its appeal. With an asking price of $150,000, this property represents a compelling investment opportunity for developers seeking high-traffic exposure and proximity to key amenities. The high daily traffic count on South Grand Avenue (12,200 AADT) and South Pope Avenue (2,600 AADT) underscores the significant potential for commercial success. Don't miss this chance to acquire a prime piece of Springfield real estate.

• Alternative Use

  Use

  Valuation

  Residential

  $2,766,807

  Hospitality

  $2,534,380

  Educational

  $2,108,574

  Medical

  $2,181,092

  Retail

  $3,280,005

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7871

Longitude

-89.6223

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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