100 Martin Luther King Jr DrSpringfield, IL 62703

For Lease
$7/SF/YR

5,892 SF Industrial Space, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This Springfield, Illinois industrial property, located at 100 S Martin Luther King Jr Drive, offers ±5,892 square feet of leasable space in a single-tenant building. The ±22,800 square foot building sits on a ±1.74-acre lot (approximately 75,600 square feet) and enjoys a high-visibility corner location at the intersection of Washington Street and Martin Luther King Jr Drive. Benefit from excellent access to Interstates 55 and 72 via Clear Lake Avenue. The property boasts abundant parking and a daily traffic count of 8,150 vehicles (per IDOT). The building features a new roof installed in 2014 by Meyer Roofing, currently under warranty. The owner, a building contractor, is willing to perform below-market-cost renovations. Pass-through expenses (real estate taxes, insurance, and maintenance) will be capped at $3.50 per square foot for the first five years of the lease. The property's zoning is I-1, and the 2022 real estate taxes totaled $19,081.34. This presents a unique opportunity for businesses seeking a well-located, adaptable industrial space with a cooperative owner.

Unit(s) available at that property

Space
Size
5,892 SF
Rate per SF
$7

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.800968
Longitude
-89.6305393
100 Martin Luther King Jr Dr, Springfield, Illinois

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100 Martin Luther King Jr Dr
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