For sale

$175,000

Est. $1,473/mo —

Land

•

0.59

acre (lot)

700 W Jefferson St, Springfield, IL 62702

About this home

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.

Vacant landProperty Type

0.59 acresLot Size

$296,610Price/Acres

Listed by Melissa Grady • The Real Estate Group, Inc.

Contact: Mobl: 217-691-0999

Listing updated: Jul 16, 2026 at 03:01pm

Redfin checked: 2 minutes ago

•Source:RMLSA as Distributed by MLS Grid #CA1035172

Payment calculator

$1,473 per month

Principal and interest$955

Property taxes

$438

HOA dues

Home insurance

$80

Utilities

Add

Discover your buying power

Find out if this home is within budget

Down payment assistance

View down payment assistance programs for this home

See this home in person

We'll connect you with a local agent to show you this home, answer your questions, and assist you on your buying journey.

Next available tour time: Tomorrow

Open houses

No upcoming open houses.

Nearby open houses (9)

OPEN SAT, 1PM TO 2PM
$382,000
3 beds3 baths2,524 sq ft
432 Fitzgerald Dr, Springfield, IL 62711-0000
OPEN SUN, 12PM TO 2PM
$855,000
5 beds5.5 baths5,762 sq ft
2100 Illini Rd, Leland Grove, IL 62704
OPEN SUN, 12PM TO 2PM
$425,000
3 beds2 baths1,928 sq ft
2141 Cardinal Dr, Springfield, IL 62704
OPEN SUN, 12PM TO 2PM
$285,000
3 beds2 baths1,622 sq ft
319 Waterwheel Dr, Rochester, IL 62563
OPEN SUN, 12PM TO 2PM
$350,000
3 beds3.5 baths2,538 sq ft
310 Boulder Creek Dr, Chatham, IL 62629
OPEN SUN, 1PM TO 3PM
$375,000
5 beds2.5 baths2,380 sq ft
6223 Horseview Dr, Springfield, IL 62712
OPEN SUN, 1PM TO 3PM
$239,900
3 beds1.5 baths1,524 sq ft
240 Teal Dr, Chatham, IL 62629
OPEN SUN, 1PM TO 3PM
$629,900
4 beds3.5 baths4,083 sq ft
1255 Red Bud Run, Sherman, IL 62684
OPEN SUN, 1PM TO 3PM
$337,000
3 beds2.5 baths2,714 sq ft
1808 Hunter Ridge Dr, Springfield, IL 62704

Around this home

Schools

K - 12
Preschool & daycare

Elizabeth Graham Elementary School

Public K-5 • Assigned • 0.5mi

3/10

U S Grant Middle School

Public 6-8 • Assigned • 1.1mi

2/10

Springfield High School

Public 9-12 • Assigned • 0.2mi

5/10

Provided by GreatSchools

About Historic West

Side

Historic West Side, located between downtown Springfield and Washington Park, is a historic and residential Springfield neighborhood with brick-lined streets and porch-front architecture. The character concentrates along MacArthur Boulevard near Lawrence Avenue, where corner taverns, local diners, and small storefronts set a lived-in, walkable rhythm. Queen Anne and Craftsman homes mix with tidy bungalows, and mature trees frame deep front yards. Community life often orbits the Illinois State Fairgrounds during fair season and year-round events. The Dana-Thomas House anchors the area’s design legacy with Frank Lloyd Wright’s Prairie School imprint. Parks and neighborhood schools add everyday structure without breaking the district’s old-house continuity.

Provided by Walk Score and Local Logic

Property details

Exterior
Finance

Exterior features
Corner lot
Level terrain
Located at the corner of West Jefferson and Walnut

Home design
Commercial-zoned land
Property type: Lots & Land

Construction
Lot area approximately 0.59 acres

Utilities
Public water
Public sewer
Electricity available
Natural gas available

Sale and tax history for 700 W Jefferson St

Sale History
Tax History

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Vacant Land

County

Sangamon County

APN

14-28.0-382-031

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Mar 20, 2025.

B-1

Highway Business Service District

This district is designed to provide particularly for drive-in type of automotive and other services, entertainment and open amusement establishments, all of which tend to interfere with the pattern of prime retail development of convenient shopping. Since many of these establishments are designed to attract the motorist, they may involve lighting or signs, which make them incompatible with residential uses. Since these establishments have a wide service area and generate considerable automotive traffic, they are appropriate along major thoroughfares.

Permitted uses

Include but are not limited to:

Gas station
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Self-Storage / mini-Storage
Hotel / motel
Office

Historical weather

Springfield, IL • 62702

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

94/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Springfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.1 hrs

6.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 700 W Jefferson St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $60,000 and $205,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $60K to $205K.

SOLD FEB 10, 2026
$205,000 Last sold price
4 beds2 baths1,932 sq ft
811 W Governor St, Springfield, IL 62704
smaller lot
basement
SOLD MAR 4, 2026
$114,000 Last sold price
2 beds1 bath837 sq ft
235 N Illinois St, Springfield, IL 62702
smaller lot
basement
SOLD NOV 26, 2025
$150,000 Last sold price
3 beds2.5 baths2,311 sq ft
519 Herndon St, Springfield, IL 62702
basement
SOLD APR 30, 2026
$118,000 Last sold price
2 beds1 bath1,332 sq ft
236 N English Ave, Springfield, IL 62702
smaller lot
basement
SOLD FEB 20, 2026
$155,000 Last sold price
4 beds1.5 baths1,728 sq ft
812 S Illinois St, Springfield, IL 62704
smaller lot
basement
SOLD JAN 9, 2026
$60,000 Last sold price
2 beds1.5 baths1,462 sq ft
108 S Macarthur Blvd, Springfield, IL 62704
smaller lot
basement

Tour for free, no strings attached

Takes about 5 minutes & won't affect your credit

Start an offer