800 Commercial AveSpringfield, IL 62703

For Sale
$300,900

Prime Springfield IL location, warehouse, income producing.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a +/- 2.10-acre industrial property situated at the corner of Cook Street and Commercial Avenue in Springfield, Illinois, zip code 62703. Currently generating a monthly rental income of $1,250 from a year-to-year lease with a renewal option until May 1, 2015, the property is utilized as a distribution terminal by Choice Products USA, LLC. The asking price of $300,900 reflects the land value only. The property is primarily fenced. 2010 real estate taxes totaled $4,691.40. This versatile property offers significant potential. The owner is willing to sell a portion of the property, including the building improvements or the vacant land separately, providing flexibility for various investment strategies. The owner will also consider dividing the property. This presents a unique chance to acquire a strategically located industrial property in a thriving Illinois market, ideal for investors seeking immediate income and future development possibilities. The property's prime location and existing income stream make it an attractive proposition for both seasoned and emerging investors. Serious inquiries are encouraged.

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7941693
Longitude
-89.6079837
800 Commercial Ave, Springfield, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
800 Commercial Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message