62 Adloff LnSpringfield, IL 62703

For Sale
$75,000

1.41 Acres, R-5B Zoning, $75,000

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 1.41-acre commercial land parcel in Springfield, Illinois, presents a unique investment opportunity. Located at 62 Adloff Lane, Lot 3, this property is zoned R-5B and boasts 777 feet of street frontage. Currently part of a larger parcel undergoing subdivision into three separate lots, this land offers significant potential for development. The property's tax index number is 22.12.0-301.003, and the 2018 real estate taxes totaled $2,667.42. While previously part of a larger parcel including improved and vacant lots, this specific offering (Lot 3) is a vacant 1.41-acre tract. Note that the subdivision process is underway. The asking price for this prime Springfield commercial land is $75,000. This represents a compelling opportunity to acquire a sizable parcel in a desirable location with significant development potential. Further details regarding the subdivision process and associated documentation are available upon request. The property's location provides excellent access to Springfield's infrastructure and amenities. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Illinois market. Don't miss out on this chance to secure a valuable asset with significant upside potential.

Highlights

  • Improved rental house with $800/month rent.
  • Lease expires March 31, 2020; sale contingent on purchase of Lot 2.
  • ±1.264 acres of vacant land.
  • ±1.410 acres of vacant land.
  • Three lots (currently one parcel, subdivision in progress).
  • R-5B zoning (City of Springfield).

Property Details for 62 Adloff Ln

Property type
Other land, Land
Lot Size (sq. ft)
61,420 SF

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7621324
Longitude
-89.6115713
62 Adloff Ln, Springfield, Illinois

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62 Adloff Ln
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