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Listed by Jim Fulgenzi • RE/MAX Professionals
$1,435,000
Est. payment /mo
40.78 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CA1041703
Annual Tax Amount $2,110
Tax Year 2024
Lot Size 40.780 Acres
Acres 40.78
Lot Dimensions 1336x1330x1339x1329
Property Sub-Type Commercial
Source rmlsa
Property Description
Prime development opportunity on Springfield's rapidly expanding West Side. This nearly 41-acre tract is currently in agricultural use and offers I-1 zoning, allowing for a wide range of commercial uses and potential mixed-use or subdivision development, subject to approvals. Utilities are available at the edge of the site, and the property is bordered along its Southern boundary by a truncated city street, providing a logical point for future access and planning. The site is strategically located among established and growing commercial anchors, including Green Nissan, Buffalo Wild Wings, AMC Theatres, Culver's, Freddy's, Pleasant Nursery and Toyota. It is approximately one-half mile radius from I-72 access and in proximity to Lowe's, multiple financial institutions, Best Buy, and White Oaks Mall--positioning the property well for retail, service, or commercial expansion driven by existing traffic and infrastructure. While tax records reference a Wabash address, the property no longer has frontage on Wabash Avenue. Access is instead provided along the Southern boundary via Milby Lane at Alex Boulevard, aligning with the area's current and future development patterns.
Location
State IL
County Sangamon
Area Springfield
Zoning I-1
Direction West on Alex Blvd to Milby Lane
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Available
View true
Garage 1
Building
Lot Description Unknown, Level
Faces West on Alex Blvd to Milby Lane
Sewer Public Sewer
Schools
School District Springfield
Others
Tax ID 21-11.0-300-030
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