Over 23,000 cars per day go by this corner of West Jefferson and Walnut Streets! This lot formerly hosted restaurants and is zoned B1 with a liquor license that follows this parcel forever. This corner makes a perfect spot for a new restaurant, video gaming, package liquor, or coffee shop! The ideas for this are endless! The lot measures at 25,666 square feet and has electric, water, gas all on site. Two entrances for easy in and out access from Walnut Street or West Jefferson Street.
Lot/land
Price cut: $24.9K (7/16)
$175,000
700 W Jefferson St, Springfield, IL 62702
--beds
--baths
0.59Acres
Unimproved Land
Built in ----
0.59 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 504 days |
- 51 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Melissa M Grady Mobl:217-691-0999,
The Real Estate Group, Inc.
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1035172
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Property
Lot
- Size: 0.59 Acres
- Dimensions: 25,666 sq ft
- Features: Corner Lot, Level
Details
- Parcel number: 1428.0382031
- Zoning description: Commercial
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Springfield
Financial & listing details
- Tax assessed value: $463,419
- Annual tax amount: $17,626
- Date on market: 3/20/2025
- Cumulative days on market: 506 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Price change | $175,000-12.5% |
Source:  RMLS Alliance as distributed by MLS GRID #CA1035172 Report a problem | ||
| 1/7/2026 | Price change | $199,900-7% |
Source: RMLS Alliance as distributed by MLS GRID #CA1035172 Report a problem | ||
| 9/5/2025 | Price change | $215,000-4.4% |
Source: RMLS Alliance as distributed by MLS GRID #CA1035172 Report a problem | ||
| 3/20/2025 | Listed for sale | $225,000-66.7% |
Source: RMLS Alliance as distributed by MLS GRID #CA1035172 Report a problem | ||
| 11/7/2024 | Sold | $675,000+10.7% |
Source: Public Record Report a problem | ||
| 11/13/2023 | Sold | $610,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,975 -26.4% | $154,473 -22.5% |
| 2023 | $17,627 +4% | $199,374 +5.4% |
| 2022 | $16,947 +3.4% | $189,123 +3.9% |
| 2021 | $16,385 +2% | $182,042 -0.2% |
| 2020 | $16,060 +0.9% | $182,316 +0.4% |
| 2019 | $15,916 | $181,680 -3.6% |
| 2018 | $15,916 +2.1% | $188,368 +1.3% |
| 2017 | $15,586 +2% | $185,932 +1.5% |
| 2016 | $15,280 +1% | $183,221 +1.2% |
| 2015 | $15,132 +1.5% | $181,031 +0.6% |
| 2014 | $14,905 +2.3% | $179,862 |
| 2013 | $14,573 +4.5% | $179,862 |
| 2011 | $13,942 | $179,862 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Historic West Side
Nearby schools
GreatSchools rating
- 3/10Elizabeth Graham Elementary SchoolGrades: K-5Distance: 0.5 mi
- 2/10U S Grant Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Springfield High SchoolGrades: 9-12Distance: 0.2 mi
- $89,600-- bd-- ba-- sqft141 N Walnut St, Springfield, IL 62702Off Market
- $65,1453 bd1 ba1k sqft722 W Jefferson St, Springfield, IL 62702Off Market
- $160,9001 bd1 ba-- sqft722 W Jefferson St APT 03, Springfield, IL 62702Off Market
- $176,1002 bd1 ba-- sqft722 W Jefferson St APT 02, Springfield, IL 62702Off Market
- $128,500-- bd-- ba-- sqft133 N Walnut St, Springfield, IL 62702Off Market
- $70,2781 bd1 ba-- sqft726 W Jefferson St, Springfield, IL 62702Off Market
- $--2 bd1 ba800 sqft726 W Jefferson St APT 2, Springfield, IL 62702Off Market
- $176,9004 bd2 ba2.5k sqft131 N Walnut St, Springfield, IL 62702Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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