25,700 Lot Size0.59 Acres
700 W Jefferson StSpringfield, IL62702
Est: $2,358/moGet pre-approved

Description

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.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.
LISTING UPDATED: 07/16/2026 03:01 PM

Property Details for 700 West Jefferson Street

Status
MLS #
CA1035172
Days on Market
493
Taxes
$17,627 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Lots & Land
Year Built
-
Lot Size
0.59 AC
Subdivision Name
None
John Tu
P: 9498688868

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute
How can we get back to you?

By submitting this form you agree that Compass, Inc., its subsidiaries and affiliates, including affiliated real estate agents, or associated third parties may contact you, including with calls or texts by automated means. You also agree to our Terms of Service and Privacy Policy. Message/data rates may apply. Message frequency varies. Text 'Help' for Help. Consent is not a condition to access real estate services.

Building Information for 700 West Jefferson Street

Lot Size0.59 AC

Payment Calculator

$2,358 per month

30 year fixed, 6.55% Interest

Principal and Interest

$890

Property Taxes

$1,469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 700 West Jefferson Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Corner of West Jefferson and Walnut
  • Latitude: 39.803053
  • Longitude: -89.663962
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
  • Zoning: Commercial
Taxes and HOA Information
  • Parcel Number: 14-28.0-382-031
  • Mandatory Assoc Annual Fee: No
  • Mandatory Assoc Monthly Fee: No
  • Tax Annual Amount: $17,627
  • Tax Legal Description: LOT 1 REECES ADDN EX STRIP ON NORTH SIDE FOR ROAD
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Property
Lot Information
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.59
  • Lot Size Dimensions: 25,666 sq ft
  • 100 Year Plain: Unknown
Property and Assessments
  • Documents Available: Legal Description
Utilities
  • Water Source: Public Sewer, Public
  • Utilities: Electricity Available, Natural Gas Available
Interior and Exterior Features
Interior Features
  • Operating Recording Device: None

Property History for 700 West Jefferson Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Temporarily Off Market

MRED #1035172

Dec 17, 2025

Price Change

MRED #1035172

$215,000
Mar 19, 2025

Price Change

RMLS ALLIANCE #CA1035172

$215,000
DateEvent & SourcePrice
12/18/2025

Temporarily Off Market

MRED #1035172

12/17/2025

Price Change

MRED #1035172

$215,000
03/19/2025

Price Change

RMLS ALLIANCE #CA1035172

$215,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 700 West Jefferson Street

Taxable ValueLand$159,698Additions$593Total$160,291
Tax Record2025$12,978 ($1,081 / month)
Home Facts
Lot Size25,559 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-28.0-382-031

Schools near 700 West Jefferson Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Elizabeth Graham Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Springfield High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

700 West Jefferson Street is a 0.59 ac of land for sale in Springfield, IL 62702. This property was listed for sale on March 19, 2025 by The Real Estate Group, Inc., it's currently listed at $175,000. It has been on the market for a total of 493 days and was last sold on November 7, 2024. This listing's school district is Springfield School District 186. Nearby schools include Elizabeth Graham Elementary School, U S Grant Middle School and Springfield High School. 700 West Jefferson Street is a 0-bed, 0-bath, 0.59 ac of land on a 25,700 sq. ft. / 0.59 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 07/16/2026 03:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.