Lot/land

$199,900

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

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.

404 days

51

0

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: 406 days
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
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

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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