Subject Location 1415 East Jefferson Street Springfield, Sangamon County, Illinois 62702; Assessor’s Parcel Number(s) 14-27.0-484-025 & 14-27.0-485-026; Date of Report November 1, 2024; Effective Date of Value September 11, 2024; Property Rights Appraised Fee Simple; Land Area 3.22 acres (140,354 SF); Gross Building Area (SF) 24,453 SF; Year Built 1970s; Zoning West parcel (14-27.0-484-025) zoned R-3(B) General Residence District; East parcel (14- 27.0-485-026) zoned S-2 Community Shopping and Office District; Current Use Building has been vacant for several years and is in poor condition; Highest and Best Use (As Vacant) Commercial or mixed-use development; Highest and Best Use (As Improved) Demolish improvements and use site for commercial purposes (demolition costs exceed the value of the underlying land, resulting in a negative value).
