Large Storage and Warehouse Facility For Sale

SaleWarehouse/Industrial 172,800 SF
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1200 Bunn Ave
Springfield, IL 62704
Price: $1,349,000 (Previously $1,499,000)
Building Size: 172,800 SF
Lot Size (acre): 7.97
Zoning: I-1
Tax PIN: 22-22.0-200-015
NOI: $137,282.76
Cap Rate: 10.18%

Property Description

Subject Property is a large self-storage facility located southeast of the Interstate 55 and Interstate 72 loop in Springfield.  There are 475 rentable storage units, ranging from 5×5 to 60×80.  There is also storage for cars, boats, motor homes and campers. The building is wood frame construction with steel siding and a flat, rubber roof.  It has 20 loading docks, 2 overhead drive-in doors, an office area, and apartment.  The building is sprinkled (dry system) and has 3-Phase power.

Subject Property is located north of an industrial park along the Interstate 55 and Interstate 72 loop. It is visible from Interstate 55, with traffic counts of 52,200 AADT, and is part of the historic US Route 66 from Chicago to St. Louis. The University of Illinois at Springfield and Lincoln Land Community College are located southeast of this site. Nearby sites a small industrial park to the south, shopping/retail to the north and south, and neighborhoods surrounding Lake Springfield to the southeast.

Springfield is the capital of Illinois. It is located in central Illinois and is accessed by both Interstate 55 and Interstate 72. It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis.