4004 Cockrell ln 21.11 Acres of Residential Land Offered at $1,114,765 CAD in Springfield, IL 62711

Premier Residential or Multifamily Development Opportunity
This 21.11-acre offering spans three contiguous parcels along the fairway of Panther Creek Country Club, in one of Springfield’s most affluent and stable residential corridors. The property combines scenic golf course frontage, exceptional demographics, and development flexibility in a location unmatched on the city’s west side.
Parcel Breakdown:
Parcel 034: ±17.48 acres (primary development tract along Mathers Rd)
Parcel 027: ±1.73 acres (fronting Mathers Rd at course edge)
Parcel 025: ±1.90 acres (Cockrell Ln frontage near River Birch)
The site is currently approved for single-family development, with the City of Springfield expressing strong willingness to consider multifamily rentals, luxury townhomes, or senior-oriented housing.
Surrounding households report a median income of approximately $115,000 and an average income above $155,000, over twice the citywide average. Neighboring homes routinely list between $600,000 and $850,000, reflecting the exclusivity and stability of the Panther Creek submarket.
The property benefits from dual access along Mathers Road and Cockrell Lane, with full utility service available at the perimeter.
Seller will consider offers on individual parcels or the property in its entirety.
Highlights:
21.11 acres total across three parcels (17.48 ac, 1.73 ac, 1.90 ac)
Directly borders the 18th fairway of Panther Creek Country Club
Surrounded by homes valued $600K–$850K+
Median HH income ˜ $115K | Average ˜ $158K
City support for multifamily and senior housing
Frontage on Mathers Rd & Cockrell Ln
Utilities available at site boundary