1000 Koke Mill RdSpringfield, IL 62711

Property Details for 1000 Koke Mill Rd

Lot size

1.84 AC

Property type

Commercial real estate

APN

13-36.0-476-016

APU

13360476016

Description

This 1.847-acre commercial land parcel, located at 1000 Koke Mill Road in Springfield, Illinois (zip code 62711), is offered at $475,000. The property boasts high visibility from the intersection of Old Jacksonville Road and Koke Mill Road. Its S-1 zoning designates it as a Commercial and Office District, presenting a unique opportunity for development. The land's value is assessed at $5.90 per square foot. The area is already home to a mix of medical, government, financial, and senior living facilities, as well as other businesses and offices. This location presents a significant advantage, as retail uses are currently lacking in the immediate vicinity. Potential uses could include restaurants, banks, grocery stores, pharmacies, dry cleaners, and other retail establishments. The property's 2023 property taxes totaled $14,075.48, and the assessor's opinion of fair market value is $477,615.00. Previously used as a parking lot, this site offers significant potential for a variety of commercial ventures. The property's strategic location and zoning make it an attractive investment opportunity in a thriving Springfield neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $24,544,502

  Hospitality

  $22,482,632

  Educational

  $18,705,286

  Medical

  $19,348,588

  Retail

  $29,097,110

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7882

Longitude

-89.7146

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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