Prime development opportunity on Springfield's rapidly expanding West Side. This nearly 41-acre tract is currently in agricultural use and offers I-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.
Lot/land
$1,435,000
4685 Wabash Ave, Springfield, IL 62704
--beds
--baths
40.78Acres
Farm, Unimproved Land
Built in ----
40.78 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 48 days |
- 92 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: February 25, 2026 at 02:18pm
Listed by:
Jim Fulgenzi Mobl:217-341-5393,
RE/MAX Professionals
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1041704
Originating MLS: Capital Area Association of Realtors

Facts & features
Property
Features
- Exterior features: None
Lot
- Size: 40.78 Acres
- Dimensions: 1336 x 1330 x 1339 x 1329
- Features: Agricultural
Details
- Parcel number: 2111.0300030
- Zoning description: Industrial
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
- Annual tax amount: $2,110
- Date on market: 2/11/2026
- Cumulative days on market: 48 days
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,636/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/11/2026 | Listed for sale | $1,435,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 62704
Nearby schools
GreatSchools rating
- 4/10New Berlin Elementary SchoolGrades: PK-5Distance: 9.6 mi
- 9/10New Berlin Jr High SchoolGrades: 6-8Distance: 9.4 mi
- 9/10New Berlin High SchoolGrades: 9-12Distance: 9.4 mi
Local experts in 62704
- Illinois
- Sangamon County
- Springfield
- 62704
- 4685 Wabash Ave




