3945 N Peoria Rd offers a highly visible 1.11-acre development opportunity along the heavily traveled Business I-55/Peoria Road corridor on Springfield’s north side, with IDOT roadway data indicating approximately 9,600 annual average daily traffic, lending itself wonderfully to receive amazingly beneficial business Frontage recognition. The parcel features excellent road exposure and is positioned among established commercial properties, creating strong potential for a variety of future uses. With utilities easily accessible at the street, the expected infrastructure investment will be minimal. Its location provides convenient access to I-55, Dirksen Parkway, Sherman, and the greater Springfield area, making it an attractive site for an owner-user, investor, or future development project. The property is currently unimproved, allowing a buyer the flexibility to plan and develop the site to fit their needs. With approximately 1.11 acres and prominent frontage along one of the area’s well-traveled north-side corridors, this is a unique opportunity to secure a visible piece of ground in a growing commercial area. Buyer to verify the needed zoning, permitted uses, utilities, and development requirements.
Lot/land
$175,000
3945 Peoria Rd, Springfield, IL 62702
--beds
--baths
1.11Acres
Unimproved Land
Built in ----
1.11 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 16 days
- 101
- 2
Zillow last checked:
Listing updated:
Listed by:
Joshua F Kruse Offc:217-787-7000,
The Real Estate Group, Inc.
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1046960
Originating MLS: Capital Area Association of Realtors

Facts & features
Property
Lot
- Size: 1.11 Acres
- Dimensions: 1.11 Acre
- Features: Level
Details
- Parcel number: 1411.0401033
- Zoning description: Residential
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: $98,064
- Annual tax amount: $692
- Date on market: 10/5/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Listed for sale | $175,000-12.5% |
Source: | ||
| 12/29/2017 | Sold | $200,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | $2,748 | $32,688 +0.5% |
| 2018 | $2,748 +2.1% | $32,529 +1.3% |
| 2017 | $2,692 +2% | $32,108 +1.5% |
| 2016 | $2,639 +1% | $31,640 +1.2% |
| 2015 | $2,613 +1.5% | $31,262 +0.6% |
| 2014 | $2,574 +2.3% | $31,061 |
| 2013 | $2,517 +2% | $31,061 |
| 2012 | $2,468 +2.5% | $31,061 |
| 2011 | $2,408 +2.6% | $31,061 +1% |
| 2010 | $2,348 +3% | $30,762 +1.4% |
| 2009 | $2,278 +6% | $30,325 +4.2% |
| 2008 | $2,149 +0.7% | $29,102 +4.3% |
| 2007 | $2,133 +1.6% | $27,911 +3.8% |
| 2006 | $2,100 | $26,887 |
Find assessor info on the county website




