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4685 Wabash Avenue Springfield, IL 62707 • Land - Farm • Pending

Pending
  • 4685 Wabash Avenue, Springfield, IL 62707 Main Photo

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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.

Property Highlights

Property Type: Land - Farm
Total Acres: 40.78 Acres
Utilities: Electricity Available, Natural Gas Available
Zoning: Industrial

General Information

County: Sangamon
High School: Springfield District #186
Subdivision: None
Listed By:
RE/MAX Professionals Mobl: 217-341-5393
RMLSA
$1,435,000
Est. $10,345/mo
Pending
LOT SIZE 40.780 acres MLS#CA1041704
STATUSPending PROPERTY TYPELand - Farm SUBDIVISIONNone SCHOOLSpringfield District #186

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4685 Wabash Avenue, Springfield, IL 62707.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,435,000$1,435,000$1,435,000
Down Payment $50,225$0$287,000
Monthly Mortgage Amount $9,256$9,876$7,929
Taxes $1997$1997$1997
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $861$0$0
Monthly Estimated Total $12,533$12,292$10,345

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