1736 Peoria RdSpringfield, IL 62702

For Sale
$10,998

Springfield, IL commercial lot, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 5,520 sq ft commercial land parcel presents a unique investment opportunity in Springfield, Illinois. Located on Peoria Road and Republic Street, this property boasts excellent visibility due to its dual street frontage (40ft on each street). The lot is 40ft wide by 138ft deep, totaling approximately 0.126 acres. Currently zoned for MDR, Multifamily, and Apartments, there's potential for a zoning change to general commercial zoning, given the adjacent property's commercial designation. The property offers 15 parking spaces and is being sold fee simple. The asking price is $10,998, translating to $2 per square foot. All cash offers will receive a prompt response. Owner financing may be considered. This high-traffic location makes it ideal for a variety of commercial ventures. The APN is 14-220-260-020. This is a rare opportunity to acquire a strategically located property with significant development potential. Serious inquiries only.

Highlights

  • 5,520 sq ft commercial lot in Springfield, IL, with dual street frontage (40 ft on Peoria Rd and 40 ft on Republic St).
  • 0.126-acre lot (40 ft x 138 ft), currently zoned MDR, Multifamily, and Apartments, with potential for commercial rezoning.
  • 15 parking spaces; fee simple ownership.
  • Asking price: $10,998 ($2/sq ft); all cash offers considered; owner financing may be available.
  • APN: 14-220-260-020.

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.824584
Longitude
-89.641496
1736 Peoria Rd, Springfield, Illinois

FAQs

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1736 Peoria Rd
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