Marcus & Millichap is pleased to exclusively represent an exceptional development/investment opportunity: 91 Acres Commercial/Industrial Development Land in Effingham, Illinois. Zoned: M1 Light Industrial/B2 Commercial, the property is divisible, offering lots from 1.95 Acres to 71.3 Acres. It is located along ~1206’ of the Canadian National Class 1 Rail Line, with potential for rail access. The site features ~2,300 feet of frontage on S Banker St (12,200 VPD), with potential curb cuts from the lots fronting this street. Located 10-minutes from the intersection of I-70 and I-57 (45,000 VPD), proposed new road infrastructure through the property could provide ease of access with additional ingress/egress optimizing traffic flow.
The site’s utility infrastructure includes a 12" water and sewer line, a 69kV line running across from the site, a 12kV, 3-phase line along S Banker St, and a 300psi MAOP gas service line. Combined with an expansive IT infrastructure, Effingham is well-equipped to meet diverse business needs.
Located within an Enterprise Zone, the subject property benefits from a range of potential incentives aimed at stimulating economic growth. These incentives could include property tax abatements, sales tax exemptions, and state incentives, potentially reducing development costs. The original city Enterprise Zone generated over 475 projects, $700 million in investment, 4,000 new jobs between 1988 and 2017.
Effingham is part of the Effingham, IL Micropolitan Statistical Area and is known as the “Crossroads of Opportunity" due to its location at the intersection of major highways: I-70 spanning from Utah to Maryland, and I-57 connecting Chicago to southern Missouri. Effingham's highway and rail networks serve as a critical hub, facilitating connections with 75% of the U.S. population.
Effingham is hailed as the "Crown Jewel of Central Illinois," serving as the economic hub for South Central Illinois. The region features 6.1 million SF of industrial space, spread across 52 existing buildings, with a low vacancy rate of 3.9% and availability rate of 1.1% (CoStar Group), Effingham continues to experience steady population growth. People enter Effingham every day for work, shopping, and healthcare services, increasing daytime population by 26%.