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Mixed-Use Land for Sale in Springfield, Illinois

4685 Wabash Ave, Springfield, IL 62707

$1,435,000
40.8 acres
Active
ago
Est $9,970/mo

Prime development opportunity on Springfield's rapidly expanding West Side. This nearly 41-acre tract is currently in agricultural use and offers B-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

Street address
4685 Wabash Ave
School district
Springfield
Elevation
615 feet
Coordinates
39.7569, -89.7376

Directions

West on Alex Blvd to Milby Lane

Property details

Acreage
40.78 acres
Zoning
B-1
MLS #
PAAR CA1041703
Posted

Property taxes

2024
$2,110

Parcels

  • 21-11.0-300-030

Details and features

Listing

Type
Commercial Sale
Franchise
RE/MAX International

Lot

Features
Level

Structure

Sewer
Public Sewer

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Listing history

DateEventPriceChangeSource
Feb 11, 2026New listing$1,435,000PAAR
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This 40.78-acre property is located at 4685 Wabash Ave in Springfield, IL 62707. The property is available for sale for $1,435,000 with a price per acre of $35,189.

Checked 2 hours ago — Updated

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